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Jobless Economic Recovery in 2009-2010 a Reality?

by Mike R, 1 minute ago
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Are we Headed towards a Jobless Economic Recovery in 2009-2010?
By Mike Rowan, www.erollover.com

There is a new term that is popping up in the news. A jobless economic recovery is quickly becoming a new catch phrase that is being used by the talking heads in the media.

Economic Recoveries are usually a good thing. However, this is not necessarily the case with a jobless recovery. A jobless recovery, would literally be where corporations right the ship from an earnings perspective, but fail to put a priority on hiring due to capital restraints. As a result, corporate conditions would improve, but the number of people without work would still be painful.

According to Wikipedia, “A jobless recovery or jobless growth is a phrase used by economists to describe the recovery from a recession which does not produce strong growth in employment. The phrase originated in the early 1990s in the United States, to describe the economic recovery at the end of President George H.W. Bush’s term; it came back into use during the early 2000s.

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