0
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
Advertisement
You have just read the article News for today's that category by title The "Recovery". You can bookmark this page with a URL https://news-these-days.blogspot.com/2014/01/the.html. Thank you!
Posted by: Tukiyooo The "Recovery" Updated at : 11:19 AM
Sunday, January 5, 2014

Post a Comment

 
Top