Question

The recent recessions in the US have been referred to as jobless recoveries. What factors allow for, or contribute to, a jobless recovery? Companies are eager to expand when the economy begins to grow again. Technology allows fewer workers to be equally productive. When unemployment is high, qualified workers can be hired for lower wages. Temporary employees are easier to hire and fire as needed

Answer 1

The recent recessions in the US have been referred to as jobless recoveries. Factors that allow for or contribute to, a jobless recovery is

• Technology allows fewer workers to be equally productive.
• Temporary employees are easier to hire and fire as needed.

What was the recession?

A recession is referred to as an economic downfall in the United States that occurred in the year 2008 due to the collapse of the stock market which affects the economy worldwide and results in unemployment and low GDP.

Economic growth after a downturn without a reduction in the unemployment rate is known as a jobless recovery. The technological expansion which limits fewer workers and the hiring of employees on a temporary basis is an example of it.

Therefore, options B and D are appropriate.

Learn more about recession, here:

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