Jobless Growth

Jobless Growth: Are You Prepared?

The prospect of a jobless growth economy has ramifications for everyone. An economy that is experiencing growth without an expansion of jobs challenges investors, employees and industries to adapt to the new economic order. When growth is coupled with high unemployment, it means that the economy is experiencing structural changes. This structural shift offers opportunities to some and difficult choices for others.

(Feb 28) Denver Post

What Is a Jobless Growth Economy?

In a jobless growth economy, unemployment remains stubbornly high even as the economy grows. This happens when a relatively large number of people have lost their jobs and the ensuing recovery is insufficient to absorb the unemployed, under-employed and new members entering the work force. "It could take a decade to recover the jobs lost in this recession" according to a recent article (Feb 28) in the Denver Post.

A Key Metric for Success
A jobless growth economy indicates changes to the fundamental basis of work for everyone. Some areas will do well, as they have the skills and training that growing industries require. Other economies face long-term unemployment or underemployment. Those who recognize the structural changes in the economy will benefit if they align their development efforts with the economy’s growth opportunities.

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