Friday, March 13, 2009

Manufacturing In Recessions

There’s a great chart in a long article in the March 9 issue of The Wall Street Journal entitled “Lean Factories Find It Hard to Cut Jobs Even In a Slump”.

It shows employment growth and production growth – for manufacturing only -  over the last 40 years. It can give you a sense that recessions are rarer than they used to be, and that the ups and downs are not as volatile.

This is part of the reason that folks are so freaked out about this recession: many haven’t experienced something like this before.

No comments:

Post a Comment