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Jobless Recovery

Jobless Recovery Definition

A jobless recovery (or jobless growth) is an economic phenomon in which a macroeconomy experiences growth while maintaining or decreasing its level of employment.


Additional meaning of Jobless Recovery:

Economists are often divided about the causes and cures of a jobless recovery: some argue that increased productivity through automation has allowed economic growth without reducing unemployment. Other economists suggest that jobless recoveries stem from structural change in the labor market, leading to unemployment as workers change jobs or industries.





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