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The Great Recession and State Unemployment Trends

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  • William B. Beyers

Abstract

The recession that began in January 2008 was the deepest business downturn since the Great Depression of the 1930s. This recession has been referred to as The Great Recession due to its severity and the length of its duration. As the U.S. economy has experienced a shift in its industrial structure toward an ever-larger service sector, there is a literature that argues that economic fluctuations should be less than was the case in a goods-production dominated economy, as it is presumed that the demand for services is less cyclical than the demand for goods. The Great Recession challenges this presumption. This article reports on the unemployment experience of states through the Great Recession with regard to their industrial structure, finding that there is a correlation between industrial structure and unemployment trends.

Suggested Citation

  • William B. Beyers, 2013. "The Great Recession and State Unemployment Trends," Economic Development Quarterly, , vol. 27(2), pages 114-123, May.
    • Handle: RePEc:sae:ecdequ:v:27:y:2013:i:2:p:114-123
    DOI: 10.1177/0891242413479653
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    References listed on IDEAS

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    1. William B. Beyers, 2007. "Services and Regional Development in the United States," Chapters, in: John R. Bryson & Peter W. Daniels (ed.), The Handbook of Service Industries, chapter 8, Edward Elgar Publishing.
    2. Andreas Hornstein, 2000. "The business cycle and industry comovement," Economic Quarterly, Federal Reserve Bank of Richmond, issue Win, pages 27-48.
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    4. Geoffrey H. Moore, 1983. "Business Cycles, Inflation, and Forecasting, 2nd edition," NBER Books, National Bureau of Economic Research, Inc, number moor83-1, March.
    5. Geoffrey H. Moore, 1983. "Introductory pages to "Business Cycles, Inflation, and Forecasting, 2nd edition"," NBER Chapters, in: Business Cycles, Inflation, and Forecasting, 2nd edition, pages -25, National Bureau of Economic Research, Inc.
    6. Allan G. B. Fisher, 1939. "Production, Primary, Secondary And Tertiary," The Economic Record, The Economic Society of Australia, vol. 15(1), pages 24-38, June.
    7. Geoffrey H. Moore, 1983. "Appendices to "Business Cycles, Inflation, and Forecasting, 2nd edition"," NBER Chapters, in: Business Cycles, Inflation, and Forecasting, 2nd edition, pages 453-473, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Partridge, Mark D. & Tsvetkova, Alexandra, 2018. "Local ability to "rewire" and socioeconomic performance: Evidence from US counties before and after the Great Recession," MPRA Paper 89313, University Library of Munich, Germany.
    2. Virginie Mamadouh & Luiza Bialasiewicz & Gordon F. Mulligan & Neil Reid & Michael S. Moore, 2016. "The Current Health of Metropolitan Labour Markets in the United States," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 107(2), pages 232-253, April.

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