According to St. Louis Federal Reserve study find that the sharp contraction in the labor market during the Great Recession was largely driven by the construction sector, which shed employment across all occupations.
In contrast, the recovery since 2010 is not led by particular industries but by low-skill occupations (between 2010 and 2012) and high-skill occupations (after 2012) across all industries. This “contraction by sectors and expansion by occupations” asymmetry has never been documented and is a worthwhile observation in its own right.

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