The divergence in growth between service and goods-producing sector employment in the US since the crisis is truly striking. (and mind the scales) @DeutscheBank via @SoberLookpic.twitter.com/9hXprfIxJX
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Durables far more cyclical in recessions is a long-standing result in business cycle empirics, again easier to postpone buying a new car than many services purchases, goods are more durable.
Ah, the sound of someone who knows what he's talking about. Thanks!
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Weren't there also statutory minimum wage changes post recession? Could that also be a factor in that spread?
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