Chart 2: Recent Cyclical Job Losses in the Industrial Midwest Have Proven To Be Long-Lived

Quarters Since Peak 1979 - 1986 1990 - 1992 2000 - 2007 2007 - 2008
0 100.00 100.00 100.00 100.00
1 99.95 99.50 99.93 100.02
2 99.47 98.91 99.87 100.00
3 99.18 98.72 99.48 99.82
4 97.32 98.93 99.02 99.39
5 96.03 99.07 98.33 98.98
6 96.57 99.22 97.55 97.94
7 96.40 99.86 97.25
8 96.07 100.24 97.11
9 95.75 100.69 97.17
10 94.91 97.02
11 93.53 96.59
12 92.60 96.31
13 91.71 96.18
14 90.65 96.34
15 90.64 96.40
16 91.22 96.69
17 92.25 96.87
18 93.25 97.14
19 94.50 97.11
20 95.37 97.44
21 96.24 97.68
22 96.93 97.82
23 97.54 98.05
24 98.13 98.02
25 98.51 97.96
26 98.91 98.02
27 99.28 98.14
28 99.67
29 100.20
30 100.95
Source: Bureau of Labor Statistics (Haver Analytics).