Robert Schnorbus and Aileen Watson
The recent recession had a lasting effect on the service sector, both nationally and in the Fifth District. The Fifth District Service Sector Index of Revenues provides valuable insights into the nature of the service sector's downturn, and its links to downturns in other markets. In particular, breaking down the aggregate index into its component industries reveals important differences in each subsector's decline and relative recovery.
Fifth District Survey of Service Sector Activity, Federal Reserve Bank of Richmond
Non-Manufacuring Data, ISM Report on Business
Schnorbus, Robert H. "Small Business Employment in the Fifth District and the Impact of Recessions." Region Focus, First Quarter 2010, pp. 36-43.