Jobless recovery,
Definition of Jobless recovery:
An economic phenomenon where after experiencing recession, the macroeconomy starts growing again (i.e. recovering), while unemployment levels remain constant or continue to rise. Though a term first officially coined in the 1930s by the New York Times, jobless recovery features in many recessions and recoveries in the past few centuries, with the unemployment rate on occasion taking several years or more to recover to pre-recession levels.
A jobless recovery is a period in which the economy recovers from recession without reducing the unemployment rate.
Jobless recoveries can be caused by companies responding to the recession by reducing workforces, such as by outsourcing labor and investing in automation.
How to use Jobless recovery in a sentence?
- This situation can arise when companies have invested in automation and outsourcing in an effort to reduce costs.
- Once the recession has passed, companies that laid off workers during the recession may find themselves more profitable than before, meaning that they may not choose to re-hire their workers.
- A jobless recovery is a situation where economic recovery is occurring without a corresponding improvement to unemployment.
Meaning of Jobless recovery & Jobless recovery Definition
Jobless Recovery,
What is Jobless Recovery?
Unemployment recovery is a time when the economy recovers from the recession without reducing the unemployment rate.
- Unemployment recovery is a situation in which there is economic recovery without a uniform increase in unemployment.
- This situation can arise when companies invest in automation and outsourcing to reduce costs.
- After the recession, companies that laid off employees during the recession may be more profitable than before, meaning they can no longer hire their own employees.
Literal Meanings of Jobless Recovery
Jobless:
Meanings of Jobless:
unemployed.
Sentences of Jobless
Thousands of unemployed youth
Synonyms of Jobless
unwaged, without work, out of a job, workless, without paid employment, laid off, out of work, unemployed, between jobs
Recovery:
Meanings of Recovery:
Return to normal health, mindset or strength.
The process or process of recovering or controlling lost or stolen goods.
The process of extracting or disposing of energy sources or industrial chemicals for use, reuse, or waste treatment.
Sentences of Recovery
Signs of recovery of real estate market
A team of rehabilitation experts to ensure the recovery of family assets
Synonyms of Recovery
convalescence, regaining, process of getting better, reclamation, recapture, rehabilitation, retrieval, repossession, recouping, return to health, rallying, recuperation, retaking, getting back, healing, redemption
Jobless Recovery,
What is Jobless Recovery?
Jobless Recovery can be defined as, Unemployment recovery is a time when the economy recovers from the recession without reducing the unemployment rate.
- Unemployment recovery is a situation in which economic recovery occurs without increasing unemployment.
- This situation can arise when companies invest in automation and outsourcing to reduce costs.
- After the recession, companies that laid off employees during the recession may be more profitable than before, which means they run the risk of never hiring their employees again.
Literal Meanings of Jobless Recovery
Jobless:
Synonyms of Jobless
redundant, collecting, collecting unemployment, on the dole, on welfare, resting, on the wallaby track, signing on, disemployed
Recovery:
Meanings of Recovery:
Return to normal state of health, mentality or strength.
The act or process of recovering or controlling a lost or stolen property.
The process of removing, recycling, or reusing energy carriers or industrial chemicals for treatment.
Sentences of Recovery
Signs of revival of the real estate market
A team of recovery experts to ensure the recovery of family assets
Synonyms of Recovery
improvement, replevin, betterment, upturn, upswing, amelioration, comeback, picking up, renewal, revival, recoupment, a turn for the better
Jobless Recovery,
Jobless Recovery Meanings:
Unemployment recovery is a time when the economy recovers from the recession without reducing the unemployment rate.
- Unemployment recovery is a situation in which there is economic recovery without the same increase in unemployment.
- Unemployment can be achieved when companies invest in automation and outsourcing to reduce costs and do not re-employ laid-off workers.
- Overall, if the unemployment rate does not increase with GDP, unemployment will recover.
Literal Meanings of Jobless Recovery
Recovery:
Meanings of Recovery:
The process of removing or removing energy sources or industrial chemicals for use, reuse or waste treatment.
Sentences of Recovery
Signs of revival of real estate market