The following chart shows goods-producing employment divided by service-providing employment.
Click to enlarge.
Poof.
Let's look at the bigger picture and see where we are.
Click to enlarge.
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?
Source Data:
St. Louis Fed: Custom Chart #1
St. Louis Fed: Custom Chart #2
Click to enlarge.
Poof.
Let's look at the bigger picture and see where we are.
Click to enlarge.
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?
Source Data:
St. Louis Fed: Custom Chart #1
St. Louis Fed: Custom Chart #2
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