Jobless Economic Recovery

Example(s):
- the U.S. Jobless Recovery after the Late-2000s U.S. Recession.
- …
Counter-Example(s):
- a Jobfull Economic Recovery.
- a Corporate Profit Recovery.
See: Economic Recession, Economic Growth.

References

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.

(Siu & Jaimovich, 2015) ⇒ Henry Siu, and Nir Jaimovich. (2015). “Jobless Recoveries.” In: Third Way Journal, April 8, 2015.
(Ford, 2015) ⇒ Martin Ford. (2015). “Rise of the Robots: Technology and the Threat of a Jobless Future." Basic Books. ISBN:9780465040674

(Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/jobless_recovery Retrieved:2014-6-9.
- A jobless recovery or jobless growth is an economic phenomenon in which a macroeconomy experiences growth while maintaining or decreasing its level of employment. The first documented use of the term was in the New York Times in 1935.^[1]

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

(Jaimovich & Siu, 2012) ⇒ Nir Jaimovich, and Henry E Siu. (2012). “The Trend is the Cycle: Job Polarization and Jobless Recoveries." National Bureau of Economic Research, No. 18334.
- QUOTE: Job polarization refers to the recent disappearance of employment in occupations in the middle of the skill distribution. Jobless recoveries refers to the slow rebound in aggregate employment following recent recessions, despite recoveries in aggregate output. We show how these two phenomena are related. First, job polarization is not a gradual process; essentially all of the job loss in middle-skill occupations occurs in economic downturns. Second, jobless recoveries in the aggregate are accounted for by jobless recoveries in the middle-skill occupations that are disappearing.

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.
- … Although the weak performance of the labor market during the current recovery has been surprising, it is not without precedent. The period following the 1990-91 recession was dubbed the “jobless recovery” because the economy added so few jobs during the first year and a half after the expansion began. …