Question

Which of the following statements correctly describes what many analysts have called the "jobless recovery"?

a. As the nation has moved out of recession, companies have become more productive but typically by employing fewer workers so that unemployment remains high.
b. The recovery has led to an increase in job opportunities, resulting in a significant reduction in unemployment rates.
c. Companies are hiring more workers, leading to a surge in employment as the nation recovers from a recession.
d. Unemployment has reached an all-time low due to increased productivity and job creation during the recovery.

Answer 1

A jobless recovery occurs when companies become more productive but employ fewer workers, resulting in high unemployment rates despite economic growth.

Step-by-step explanation:

The statement that correctly describes what many analysts have called the "jobless recovery" is option a: As the nation has moved out of recession, companies have become more productive but typically by employing fewer workers so that unemployment remains high. During a jobless recovery, companies focus on increasing productivity through automation and cost-cutting measures, leading to reduced hiring and high unemployment rates despite economic growth. This phenomenon is often observed in the aftermath of a recession.