JOBLESS GROWTH Jobless growth, also known as jobless recovery, occurs when an economy experiences economic growth without a proportional increase in employment opportunities. This phenomenon can have several impacts on individuals, society, and the economy as a whole: 1. Unemployment: The most direct impact of jobless growth is an increase in unemployment rates. Despite economic expansion, businesses may not be creating enough jobs to absorb the growing labor force, leading to higher levels of unemployment. 2. Income Inequality: Jobless growth can contribute to income inequality. Those who benefit from economic growth, such as business owners or skilled workers in growing sectors, may experience increased income, while unemployed or underemployed individuals may face declining or stagnant incomes. 3. Social Unrest: High levels of unemployment and income inequality can lead to social u...