Manufacturing employment in recessions and recoveries
Quarters since recession began (peak = 0) | 1982 | 1991 | 2001 | 2009 | Average of post-WWII, pre-2009 cycles |
---|---|---|---|---|---|
0 | 1 | 1 | 1 | 1 | 1 |
1 | 0.981385 | 0.989407 | 0.978733 | 0.995517 | 0.983851 |
2 | 0.958041 | 0.975812 | 0.954275 | 0.98546 | 0.962505 |
3 | 0.93699 | 0.966881 | 0.930384 | 0.970848 | 0.947621 |
4 | 0.91585 | 0.963917 | 0.911409 | 0.94596 | 0.935201 |
5 | 0.893679 | 0.960631 | 0.901343 | 0.900208 | 0.930206 |
6 | 0.891137 | 0.953022 | 0.891944 | 0.863108 | 0.929574 |
7 | 0.900329 | 0.953381 | 0.880547 | 0.845272 | 0.939741 |
8 | 0.914428 | 0.950964 | 0.868934 | 0.836718 | 0.946888 |
9 | 0.931585 | 0.949302 | 0.854933 | 0.832962 | 0.953629 |
10 | 0.945222 | 0.951474 | 0.844495 | 0.837566 | 0.961019 |
11 | 0.955729 | 0.949378 | 0.841049 | 0.840353 | 0.958245 |
12 | 0.961259 | 0.948811 | 0.839228 | 0.841613 | 0.961452 |
13 | 0.961205 | 0.951511 | 0.841852 | 0.846896 | 0.966083 |
14 | 0.958556 | 0.955684 | 0.842106 | 0.8515 | 0.970489 |
15 | 0.952262 | 0.961179 | 0.840638 | 0.855038 | 0.973636 |
16 | 0.946751 | 0.967127 | 0.838151 | 0.856444 | 0.97665 |
17 | 0.944048 | 0.97332 | 0.836819 | 0.862623 | 0.984601 |
18 | 0.941826 | 0.977871 | 0.834254 | 0.86713 | 0.957645 |
19 | 0.937666 | 0.977776 | 0.833686 | 0.869408 | 0.961816 |
20 | 0.933132 | 0.976247 | 0.8349 | 0.869069 | 0.96576 |
21 | 0.932118 | 0.975359 | 0.834998 | 0.872219 | 0.970466 |
22 | 0.932901 | 0.974887 | 0.831688 | 0.87205 | 0.973684 |
23 | 0.935265 | 0.975265 | 0.824991 | 0.871541 | 0.976506 |
24 | 0.940777 | 0.821975 | 0.875055 | 0.981302 | |
25 | 0.947871 | 0.87789 | 0.986574 | ||
26 | 0.950431 | 0.880458 | 0.974274 | ||
27 | 0.883948 |
Note: The zero quarter represents the peak of prior business cycle (as defined by the National Bureau of Economic Research). At the zero quarter, the manufacturing employment is indexed to one. The proceeding values therefore represent the percent change in manufacturing employment as the values enter recession and then the recovery.
Source: Author's analysis of data from the Bureau of Labor Statistics (2014a)