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11:19 AM Tukiyooo 0
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The following chart shows goods-producing employment divided by service-providing employment.


Click to enlarge.

Poof.

Let's look at the bigger picture and see where we are.


Click to enlarge.

If transitioning from a goods-producing economy to a service-providing economy is such a good thing, then why does the bulk of the transitioning happen during recessions?

Source Data:
St. Louis Fed: Custom Chart #1
St. Louis Fed: Custom Chart #2
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Posted by: Tukiyooo The "Recovery" Updated at : 11:19 AM
Sunday, January 5, 2014

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