Using the FRED economic database ( https://fred.stlouisfed.org/ ), lets compare employment in manufacturing and construction. First, find
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Using the FRED economic database (https://fred.stlouisfed.org/), let’s compare employment in manufacturing and construction. First, find manufacturing employment and then click Edit Graph and Add Line to add in construction employment. Graph the data from 1990 to the present.
a. What is the long-term trend in manufacturing employment? What would you guess are the reasons for the trend?
b. What is the long-term trend in construction employment?
c. Both employment series fell during the 2008–2009 recession. For which series would you expect employment to recover?
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