Transcription of Which industries are sensitive to business cycles?
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Which industries are sensitive to business cycles?
Cyclical Sensitivity Which industries are sensitive to business cycles? An analysis of the 1994 2005 projections can be used to identify industries that are projected to move differently with business cycles in the future than in the past, and to identify the industries and occupations that are most prone to business cycle swings I. Jay Berman and ndustries react in different ways to the busi- termine the structural change or changes caus- janet Pfleeger ness cycle fluctations of the economy. ing the break from the past or review its pro- Some industries are very vulnerable to eco- jections model and make appropriate modifi- nomic swings, while others are relatively im- cations to ensure consistency between the his- mune to them.
Janet Pfleeger Jay Berman and Janet Pfleeger are economists in the Office of Employment Projections, Bureau of Labor Statistics. Which industries are sensitive to business cycles? An analysis of the 1994–2005 projections can be used to identify industries that are projected to move differently with business cycles in the future than in the past,
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