Question

Is jobless growth good or bad in an economy?​

Answer 1

Answer:

Jobless growth means that the economy under consideration is experiencing growth, i.e., increasing GDP but at the same time either employment is constant or is in fact decreasing. This term was coined by economist Nick Perna in the early 1990s

Answer 2

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(Representational Image: iStock) Jobless growth means that the economy under consideration is experiencing growth, i.e., increasing GDP but at the same time either employment is constant or is in fact decreasing. This term was coined by economist Nick Perna in the early 1990s.