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Jobless recovery as consequence for structural changes.
Member rating: No Rating | Words: | Submitted: Mon Nov 10 2003
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Jobless recovery as consequence for structural changes Submitted to Prof. Dr. Kurt Scharnbacher University of Applied Science in Mainz by Ina Lack Kastanienweg 8 65451 Kelsterbach Tel. (0 61 07) 99 05 12 Table of Contents 1. Introduction 1 2. Analysis 1 2.1. GDP growth as indicator for recovery 1 2.2. Poor development in Employment 2 3. The Role of structural change 3 4. Conclusion 5 Figure List Page Figure 1 GDP Growth 1 Figure 2 Unemployment Rate 2 Figure 3 Job Growth during Recoveries 3 Figure 4 Contribution of the Temporary Layoffs to the Unemployment Rate 3 1. Introduction "US recovery may not equate to job creation" was the big heading in the markets part of the Financial Time at the beginning of October 2003. The sentence seems to be confused in itself. "Job growth was traditionally the strongest evidence of economic expansion..".1 How can there be a recovery without a growth in jobs? This essay is going to examine the hypothesis that economic recovery is possible without job creation. And if so that this situation no longer is a exception but rather a consequence of structural changes. First the GDP...
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