What is nutrient cycle?

How does the business cycle affect the unemployment level in an economy? What stage of the business cycle are?

• How does the business cycle affect the unemployment level in an economy? What stage of the business cycle are we in just now? And what is the situation with unemployment?

• Answer:

  The early stage of a slow growth period are what we're in where unemployment is slowly declining as fewer and fewer first-time claims for unemployment are posting, and where people returning to the workforce (some after having given up before) and new people entering the workforce make unemployment decline a bit slower than it otherwise would. When in a contraction phase, typically after a boom and a peak phase, unemployment is low but begins to rise as workers are laid off or fired more frequently and more easily, and where potential new workers find it more difficult to enter the labor force. Unemployment (U3) typically tops out at about 4.5% to 5.5% in a western, industrialized economy.