The "Recovery"

The following chart shows goods-producing employment divided by service-providing employment.<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjV2R2e6J_Egp2G2DNZaWmH00Ivkz5GqBxHFzX3Oq77tu_SRgv7lmlDeI_tfbWPuZVzRNPtzCHUHPpeRDkOQ4aompB7_kUWfmMrH2f2oFNAlbgKByEyhP6roF07P09CMTaF3qb7e5MlqiI/s1600/Goods+vs.+Services.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjV2R2e6J_Egp2G2DNZaWmH00Ivkz5GqBxHFzX3Oq77tu_SRgv7lmlDeI_tfbWPuZVzRNPtzCHUHPpeRDkOQ4aompB7_kUWfmMrH2f2oFNAlbgKByEyhP6roF07P09CMTaF3qb7e5MlqiI/s320/Goods+vs.+Services.jpg" /></a><br /><span style="font-size: x-small;">Click to enlarge.</span><br /><br />Poof.<br /><br />Let's look at the bigger picture and see where we are.<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhdgQTcaLG19VM8wLGxEuxH18c1CzKN5ROubfQb7OEnc_IJAwXk8dTbXayly7cL_QxjJC3vIQgYk2J_3TAmSCUsD_7AuPHCWdNwShdt0_MxtM4SMwJJWnIGZR8rpggGLRFBTbYd6FJpiI/s1600/Goods+vs.+Services+-+Long-Term.jpg" imageanchor="1"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhdgQTcaLG19VM8wLGxEuxH18c1CzKN5ROubfQb7OEnc_IJAwXk8dTbXayly7cL_QxjJC3vIQgYk2J_3TAmSCUsD_7AuPHCWdNwShdt0_MxtM4SMwJJWnIGZR8rpggGLRFBTbYd6FJpiI/s320/Goods+vs.+Services+-+Long-Term.jpg" /></a><br /><span style="font-size: x-small;">Click to enlarge.</span><br /><br />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?<br /><br /><b>Source Data:</b><br /><a href="http://research.stlouisfed.org/fred2/graph/?g=qCX">St. Louis Fed: Custom Chart #1</a><br /><a href="http://research.stlouisfed.org/fred2/graph/?g=qCY">St. Louis Fed: Custom Chart #2</a>

The "Recovery"

The following chart shows goods-producing employment divided by service-providing employment. Click to enlarge. Poof. Let's look at the ...

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