job-loss recovery

A form of economic growth in which the total number of jobs in the economy decreases. Also: job loss recovery.
Example Citations:
Even the U.S.'s impressive productivity gains have a bit of tarnish. Productivity is usually measured as output for every person-hour worked. In the U.S., it has been going up, in large part, because companies have laid off workers or, at least, not hired new ones.
About 3.2 million jobs in the U.S. have disappeared since the recession began in early 2001. Experts say the U.S. is suffering from a "job-loss recovery" not the jobless recovery of the 1990s.
There is good news, however: employment has perked up in recent weeks.
— Tom Ford, "Economic problems will greet Martin," The Guelph Mercury, October 24, 2003
About 616,000 jobs have been lost since the beginning of 2002, when experts believe the economy began growing again in a so-called jobless recovery. One economist said the economy was now trapped in a "job-loss recovery."
— Angela Shah, "June numbers show labor market in 'quicksand'," The Dallas Morning News, July 4, 2003
Earliest Citation:
Analysts said that as long as output remained well under 3 percent, there was little prospect that payrolls would start growing again.
"Growth of anything less than 3 percent to 4 percent is a jobs recession," said James Glassman, senior economist at J.P. Morgan. "So far, this is a job-loss recovery."
Nearly half a million jobs have been lost in the last two months. The U.S. government is scheduled to release employment data for April next Friday.
— Kenneth N. Gilpin, "U.S. economy grew slowly in first period," The International Herald Tribune, April 26, 2003
This term is a play on the phrase jobless recovery (or job-less recovery) — economic growth that doesn't create new jobs — which entered the language around 1985.
Related Words: Categories:

New words. 2013.

Look at other dictionaries:

  • job-loss recovery — (Business Economics) economic growth wherein the total number of employment in the economy declines …   English contemporary dictionary

  • LUV recovery — n. A global economic recovery characterized by a mixture of slow, moderate, and rapid growth rates. Also: LUV shaped recovery. Example Citations: Famed New York based economic bear Nouriel Roubini called it a LUV recovery. The euro zone economies …   New words

  • Jobs and Job Titles — activationist career coach car panning chief content officer chief hacking officer chief knowledge officer chief learning officer …   New words

  • X-shaped recovery — n. An economic recovery that, when graphed, assumes the shape of a letter of the alphabet (e.g., L shaped, U shaped, or V shaped). Example Citation: The U.S. Federal Reserve Board s decision Wednesday to cut interest rates appears to signify the… …   New words

  • American Recovery and Reinvestment Act of 2009 — Stimulus bill redirects here. For other uses, see Stimulus bill (disambiguation). ARRA redirects here. For other uses, see ARRA (disambiguation). American Recovery and Reinvestment Act of 2009 Full title An act making supplemental appropriations… …   Wikipedia

  • Data recovery — is the process of salvaging data from damaged, failed, corrupted, or inaccessible secondary storage media when it cannot be accessed normally. Often the data are being salvaged from storage media such as internal or external hard disk drives,… …   Wikipedia

  • Business Recovery Risk — A company s exposure to loss as a result of damage to its ability to conduct day to day operations. Analysis of business recovery risk involves categorizing threats according to their short , medium and long term impact. Companies typically… …   Investment dictionary

  • Animal loss — Human hand and cat paw The death of a pet or an animal to which one has become emotionally bonded can be an intense loss,[1] comparable with the death of a human loved one, or even greater depending on the individual. The death can be felt more… …   Wikipedia

  • Economics — agflation Anglosphere attention economics bionomics brain waste brickor mortis BRICs caponomics …   New words

  • Goldilocks economy — (GOHL.dee.lawks i.KAWN.uh.mee) n. An economy that is not so overheated that it causes inflation, and not so cool that it causes a recession. Example Citation: America s not too hot, not too cold Goldilocks economy is getting too hot. The result… …   New words

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.