S: (n) recession (the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year)
S: (n) depression, slump, economic crisis (a long-term economic state characterized by unemployment and low prices and low levels of trade and investment)
S: (n) full employment (the economic condition when everyone who wishes to work at the going wage rate for their type of labor is employed)
S: (n) prosperity (an economic state of growth with rising profits and full employment)
S: (n) softness (a state of declining economic condition) "orders have recently picked up after a period of extreme softness"; "he attributes the disappointing results to softness in the economy"
S: (n) shakeout (an economic condition that results in the elimination of marginally financed participants in an industry) "they glutted the market in order to cause a shakeout of their competitors"
S: (n) wage setter (any economic condition or variable that serves to set wage rates)