Jobless Recovery

AAA

DEFINITION of 'Jobless Recovery'

An economic recovery, following a recession, where the economy as a whole improves, but the unemployment rate remains high or continues to increase over a prolonged period of time. This effect may be a result of cautious businesses that add hours to existing employees in order to increase production capacity rather than hiring new workers.

INVESTOPEDIA EXPLAINS 'Jobless Recovery'

An example of a jobless recovery occurred in the early 1990s. While the American recession from the late 1980s technically ended in the first quarter of 1991, the unemployment rate did not actually stabilize until the middle of 1992.

RELATED TERMS
  1. Global Recession

    An extended period of economic decline around the world. The ...
  2. U-Shaped Recovery

    A type of economic recession and recovery that resembles a "U" ...
  3. V-Shaped Recovery

    A type of economic recession and recovery that resembles a "V" ...
  4. L-Shaped Recovery

    A type of economic recession and recovery that resembles an "L" ...
  5. W-Shaped Recovery

    An economic cycle of recession and recovery that resembles a ...
  6. Welfare Capitalism

    Definition of welfare capitalism.
Related Articles
  1. How The Federal Reserve Manages Money ...
    Personal Finance

    How The Federal Reserve Manages Money ...

  2. Jobless Recovery: The New Normal Since ...
    Professionals

    Jobless Recovery: The New Normal Since ...

  3. Recession: What Does It Mean To Investors?
    Active Trading Fundamentals

    Recession: What Does It Mean To Investors?

  4. Jobless Growth: Are You Prepared?
    Professionals

    Jobless Growth: Are You Prepared?

comments powered by Disqus
Hot Definitions
  1. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  2. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  3. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  4. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  5. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  6. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
Trading Center