Via Wonk Blog’s Brad Plumer:
Back when the manufacturing sector employed a much greater share of Americans, there was a somewhat predictable rhythm to employment swings during recessions. Factories would lay off workers temporarily when the downturn hit, and then re-hire those same workers when demand picked back up.
But that’s increasingly no longer the case. Back in the 1981 recession, 20 percent of workers were laid off temporarily. This time around, just 9 percent were.