Abstract
This paper relates fluctuations in employment in various categories of service industry in the UK to fluctuations in the gross domestic product (GDP), and compares the results with those for manufacturing and construction. In general, services are not found to be homogeneous in terms of their cyclical employment responses, with the distinctions between public and private and between consumer and producer industries both being of importance. In particular, public service industries' employment appears unresponsive to cyclical variations in GDP, and only producer services have the same degree of responsiveness as manufacturing and construction industries.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
