Different Effects on Different Industries
Percent change in employment, at annual rate, selected industries, six most recent recessions, 1973–2009
Industry |
Recession period |
Nov 1973 – Mar 1975 |
Jan 1980 – Jul 1980 |
Jul 1981 – Nov 1982 |
Jul 1990 – Mar 1991 |
Mar 2001 – Nov 2001 |
Dec 2007 – Jun 2009 |
Construction |
-10.9 |
-11.5 |
-6.2 |
-11.0 |
-1.7 |
-13.7 |
Manufacturing |
-7.8 |
-10.2 |
-8.4 |
-4.7 |
-9.7 |
-10.0 |
Retail trade |
0.4 |
-1.5 |
-0.3 |
-2.6 |
-2.0 |
-4.5 |
Financial activities |
1.2 |
2.9 |
0.7 |
-0.6 |
0.9 |
-3.9 |
Professional and business services |
1.4 |
1.5 |
0.5 |
-2.8 |
-5.7 |
-6.0 |
Education and health services |
3.5 |
3.8 |
1.9 |
5.2 |
3.9 |
2.2 |
Source: Current Employment Statistics | Chart