Unemployment and Economic Recovery
Author | : Linda Levine |
Publisher | : DIANE Publishing |
Total Pages | : 11 |
Release | : 2010-11 |
ISBN-10 | : 9781437939163 |
ISBN-13 | : 1437939163 |
Rating | : 4/5 (163 Downloads) |
Download or read book Unemployment and Economic Recovery written by Linda Levine and published by DIANE Publishing. This book was released on 2010-11 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the economy has begun growing again, it may be a while before the unemployment rate shows steady improvement. The unemployment rate is considered a lagging indicator, meaning that its ups and downs happen some time after the ups and downs of other indicators of economic activity. For example, more than a year elapsed before the unemployment rate trended downward following the end of the 1990-1991 and 2001 recessions. This led the two to be labeled jobless recoveries. By contrast, after four earlier recessions the unemployment rate began a sustained decline within four to five months. This report examines the relationship between economic growth and the unemployment rate to anticipate possible future developments.