Which of the following statements best describes the "jobless recovery" after the Great Recession?

Question

Quizplus · Accepted Answer

The jobless recovery after the Great Recession refers to a period when output began to rise, but unemployment rates did not decrease significantly. This indicates that although the economy was recovering, businesses were hesitant to hire new workers or add new jobs. This was likely due to a variety of factors, including uncertainty about the future of the economy, changing technological trends, and increased competition from global markets. Choice B is incorrect because it suggests that there was a lack of available labor, which is not the case. Choice C is also incorrect because although new technology and automation may have contributed to some job loss, it does not explain the overall lack of job growth during the recovery period. Choice D is incorrect because it does not relate to the phenomenon of the jobless recovery.

Which of the Following Statements Best Describes the "Jobless Recovery