After not playing baseball for 3 years in college because of having a total hip replacement, and then coming back to play professionally once I graduated, and get the opportunity to play on a team like the @wcthunderbolts we had in 2007 and 2008...it was like a dream come true. This was a night I will never forget.
During this period, the average expansion was approximately 58 months, and the average contraction was approximately 11 months. Expansion is the default mode of the U.S. economy, and the average expansion time period has continued to average longer over time.
When the economy re-enters the expansion phase of the business cycle, the unemployed will get rehired. Cyclical unemployment is temporary. It depends on the length of the contraction. A typical recession lasts around 18 months. A depression can last 10 years. Causes. Cyclical unemployment results from a large drop-off of demand. It usually starts with decreased personal consumption.