Jobless Economic Recovery

From GM-RKB
Jump to navigation Jump to search

A Jobless Economic Recovery is an economic recovery with high unemployment and/or low labor force participation rate in the labor market.



References

2016

  • https://www.washingtonpost.com/news/wonk/wp/2016/10/28/why-it-really-is-harder-to-get-a-job-than-it-used-to-be/
    • QUOTE: "... there might be another reason for these stubborn spells of low employment: After a recession, the remaining job openings may become harder to fill because employers start to demand people with better skills, who can adapt to new technologies in order to be more productive. … In other words, it’s not just that many jobs go extinct during a recession. Even the surviving jobs sometimes shift beyond recognition — and beyond the reach of many. … employers have gotten much pickier since the recession. Increasingly, they are looking for better-educated workers with more advanced qualifications — which might be one reason companies have been so slow to fill openings in recent years. … Companies aren’t raising the bar because they want to but because they have to, in order to remain competitive. … In a new working paper, the economists find that in areas most affected by the recession, job requirements rose permanently. Kahn and Hershbein looked not only at the desired education and experience levels but also for keywords involving critical thinking and computer skills. … the new skill requirements weren’t optional or opportunistic; they reflected how the jobs themselves had become more challenging.

2015

2014

  1. U.S. Heads for Third Straight Jobless Recovery. Morning Edition, National Public Radio. 16 Oct 2009.

2012

2011

2003

  • Erica L. Groshen, and Simon Potter. “Has structural change contributed to a jobless recovery?." Current Issues in Economics and Finance 9, no. 8 (2003): 1-7.