If the economy is in a jobless recovery, output grows with little growth in employment.

Question

Quizplus · Accepted Answer

A jobless recovery is a phenomenon in which an economy experiences growth in its Gross Domestic Product (GDP) without a significant increase in employment. This can occur because businesses are finding ways to increase productivity without hiring more workers or are relying on part-time or temporary workers rather than full-time employees. Therefore, output can grow without a commensurate increase in employment.

If the Economy Is in a Jobless Recovery, Output Grows