What do you mean by hysteresis?

Hysteresis means slow and unproductive person who is bad for the economy. Lagging; slow to respond. Traditionally, econo­mists believed that high UNEMPLOYMENT was a ­cyclical phenomenon. Eventually, unemployment would cause people to lower their wage de­mands, and so new job opportunities would arise and unemployment would fall. More recently, however, economists have suggested that some unemployed people, especially the long-term jobless, can display hysteresis