During the deep recession of 2008-2009,
A)the service industry was hardest hit.
B)job loss was severe in the manufacturing and housing industries.
C)education and healthcare were hardest hit.
D)the U.S. saw productivity rise in manufacturing due to increased layoffs.

Question

Quizplus · Accepted Answer

During the deep recession of 2008-2009, job loss was severe in the manufacturing and housing industries. The service industry was also impacted, but not as severely as manufacturing and housing. Education and healthcare were impacted as well but not to the same extent as manufacturing and housing. While there were layoffs, productivity overall decreased rather than increased in manufacturing.

During the Deep Recession of 2008-2009