Service Employment and Unemployment in the Great Recession: Trends in OECD Countries and U.S. States

William B. Beyers ()
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William B. Beyers: University of Washington

Chapter Chapter 10 in Service Industries and Regions, 2013, pp 227-249 from Springer

Abstract: Abstract As OECD country economies have developed stronger service economies, the level of employment fluctuations in business cycles has been reduced. The Great Recession precipitated strong downturns in service employment across OECD countries, although this percentage reduction was smaller than experienced within the manufacturing sector. Within the United States, states with very strong growth rates in real estate before the Great Recession were particularly hard hit in downturns in manufacturing, construction, and types of service employment linked to real estate investment. This chapter argues models of the investment cycle must include explicit links to producer services linked to the investment process.

Keywords: Real Estate; Unemployment Rate; Business Cycle; OECD Country; Housing Market (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:adspcp:978-3-642-35801-2_10

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DOI: 10.1007/978-3-642-35801-2_10

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