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<a accesskey="3" href="page.php?w=jobless_recovery&amp;p=2">3.Next</a>
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<p>A <b>jobless recovery</b> or <b>jobless growth</b> is an economic phenomenon in which a <a href="page.php?w=macroeconomy">macroeconomy</a> experiences <a href="page.php?w=economic_growth">growth</a> while maintaining or decreasing its level of <a href="page.php?w=employment">employment</a>. The term was coined by the economist Nick Perna in the early 1990s.</p>

<p><big>Causes</big></p>
<p>Some argue that a jobless recovery is caused by increased <a href="page.php?w=productivity">productivity</a> through <a href="page.php?w=automation">automation</a>,</p><p>
<a accesskey="3" href="page.php?w=jobless_recovery&amp;p=2">3.Next</a>
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