A jobless recovery occurs when
A)no jobs are created in an economy after a recession ends.
B)employment continues to fall at the beginning of a recovery.
C)only low-quality jobs are created in a recovery.
D)most of the new jobs created in a recovery are overseas.

Question

Quizplus · Accepted Answer

A jobless recovery occurs when there is economic growth and a rebound in GDP, but there is no significant increase in employment. This means that the unemployment rate stays high or continues to rise even after a recession has ended. Option A, C, and D are incorrect as they do not accurately describe a jobless recovery.

A Jobless Recovery Occurs When