Recession

[lemur]

Usually recession is discussed in terms of rates of GDP growth and unemployment. It is common to hear people blame "the recession" for their economic woes, but could this be redundant? Could it be that the economic woes themselves are the recession. Consider an example where GDP growth is very high but unemployment is still high. Wouldn't the high unemployment rate still signal "recession?" Then, if you analyzed what the cause of the high unemployment was, it would be due to economic dissatisfaction on the part of employers, correct? In other words, the assumption is that when employers are satisfied with the growth of their business, they must create more jobs. Then, the next assumption is that if there are sufficient jobs for unemployment to be low, job-seekers must be satisfied with their jobs. But if either employers or employees aren't satisfied with their economic circumstances, they seek more money causing the current economy to be insufficient in contrast, right? The reverse case would be one in which employers hired everyone possible regardless of revenue-growth, and as a result everyone had a job and both employers and employees were satisfied with the arrangement. Is such a situation ever possible or has modern economic growth evolved into a persistent state of dissatisfaction and desire for more money?