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A '''jobless recovery''' is an economics term used when the economy has started to grow after reaching the bottom of a recession, but unemployment remains high and there is still continuing net job loss or little net job creation. Historically, almost all recoveries have had increasing unemployment for several months after the first signs of positive [[GDP]] growth. However subsequently, some recoveries have followed a "V-shape" where employment growth picks up rapidly, whereas other recoveries have had slow employment growth.
A '''jobless recovery''' is an economics term used when the economy has started to grow after reaching the bottom of a [[recession]], but [[unemployment]] remains high and there is still continuing net job loss or little net job creation. Historically, almost all recoveries have had increasing unemployment for several months after the first signs of positive [[GDP]] growth. However subsequently, some recoveries have followed a "V-shape" where employment growth picks up rapidly, whereas other recoveries have had slow employment growth.
In the [[Great Depression]] of the 1930s, unemployment remained stubbornly high even after most sectors of the economy had recovered.<ref> see Richard J. Jensen, "The Causes and Cures of Unemployment in the Great Depression," ''Journal of Interdisciplinary History'' 19 (1989) 553-83. [http://www.jstor.org/pss/203954 online at JSTOR]</ref>
==See also==
* [[Unemployment]]
* [[Recession of 2008]]
====references====
<references/>
[[Category:Business]]
[[Category:Business]]