Association of Chartered Certified Accountants (ACCA) Certification Practice Test

Seasonal unemployment is characterized by the job loss that occurs at certain times of the year when demand for labor declines. This is particularly relevant for seasonal workers, who are employed in industries that are highly dependent on specific seasons or periods. For example, agriculture, tourism, and retail often experience fluctuations in employment based on the season; workers may be employed during peak seasons and face unemployment during off-peak periods. Understanding this type of unemployment helps in recognizing the employment patterns and economic strategies specific to different industries, aiding policymakers and businesses in planning for workforce needs throughout the year.