Cyclical variations in service industries' employment in the UK

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.

This publication has 0 references indexed in Scilit: