A Business Encyclopedia

Seasonal Unemployment

Definition: The Seasonal Unemployment means the demand for a specific kind of work and workers change with the change in the season. Simply, the period when the demand for the manpower as well as the capital stock reduces because of a decreased demand in the economy at a particular point in time in a year causes the seasonal unemployment.

The seasonal unemployment is prevalent in those industries which are engaged in seasonal production activities. Such as agricultural industry wherein the demand for workers is more during harvesting than is required in other months in a year. Similarly, in the case of a hotel industry, the demand for the catering staff as well as the housekeeping staff is more during the peak season as compared to the demand in the off-season.

The seasonal unemployment means not only the under-utilization of manpower but also the resources used in the production. Such as the demand for woolen clothes will be more in winters than the other seasons and hence the need for the capital resources and the manpower in the textile industry will be more during this period.

The seasonal unemployment is more or less predictable as it is known with certainty the time period during which the demand for the commodity changes. It is a form of structural unemployment wherein the economy structure changes in accordance with the change in the season, and hence the demand for the manpower varies accordingly.

Leave a Reply

Your email address will not be published. Required fields are marked *


Related pages

porter five forces definitionmarket segmentation basesaccidental sampling exampleviz a viz meaning in hindiwhat is the deontological theorywhat is purchasing power parityinterpretation of fixed asset turnover ratiodefine gross domestic product gdpdef disseminatelaissez faire leadership advantages and disadvantagesmoratorium period meaningindifference curves examplesparent brand definitionguerrilla attack marketingdisbursement meaning in hindiretrenchment strategy in strategic managementcapital turnover ratio interpretationwhat is the meaning of fiscal deficitjohari widowparticipative leadership stylesquick ratio acid test ratioformal communication and informal communicationdefine forward integrationhow to find profitability indexwhat is a oligopoly marketdefinition fmcgmeaning of subordinate in hindiintraprenurebases of segmentation in marketingneft meansdelegated powers meaningdeontological and teleological ethical theorydavid mcclelland theory of motivationansoff matirxdefine operant conditioning psychologyhow to calculate stock turnover ratioto outsource definitionfeatures of marginal costingprovident fund typesmeaning of teleologypf deduction rateethical theories in accountingwhat is slr rateformula of asset turnover ratiosnowballing in researchschumpeter innovation modelthe concept of collective bargainingqueuing theory in managementego id superego examplesmsf bank ratewhat is meant by recurring depositliquidity facility definitionconventional marketing channel definitionvirtue theory ethics definitiondefinition of a oligopoly7cs communicationwhat does neoclassical meanwhat are the five steps in the hypothesis testing procedurepricing methods in economicsunitary elastic demand exampleexplain the concept of elasticityus treasury bills definitionjit systemsautocratic leadership stylespromotional budget definitioncredit control by rbidisguised unemployment examplepolycentric pricingpengertian brand positioninge tailing businesswhat does e tailing meanadministered vmsdefine ganttwhat is deontology ethicsdefinition of repo ratebrand revitalization examplesgross profit margin ratiocharacteristics of a monopolistic marketsimplex accounting