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For the economist, it’s a variable to be adjusted out of the data. For the farmworker or ski lift operator, it’s a reality to be planned for. And for the policymaker, it’s a challenge: How do you build stability into a system that, by nature, ebbs and flows with the seasons?
Unlike cyclical unemployment (caused by recessions) or frictional unemployment (the brief gap between jobs), seasonal unemployment is both and expected . It is baked into the economic calendar.
Come December, these workers aren't necessarily bad at their jobs. Their industries haven't collapsed. And the broader economy might be booming. Yet, they are suddenly, predictably, unemployed.
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For the economist, it’s a variable to be adjusted out of the data. For the farmworker or ski lift operator, it’s a reality to be planned for. And for the policymaker, it’s a challenge: How do you build stability into a system that, by nature, ebbs and flows with the seasons?
Unlike cyclical unemployment (caused by recessions) or frictional unemployment (the brief gap between jobs), seasonal unemployment is both and expected . It is baked into the economic calendar.
Come December, these workers aren't necessarily bad at their jobs. Their industries haven't collapsed. And the broader economy might be booming. Yet, they are suddenly, predictably, unemployed.
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