Employment in Sectors as a Share of Total Employment
Over the long term, the industrial mix changes only gradually. However, since some sectors are more cyclical than others, noticeable variations can occur in the short term. Between 2005 and 2011, the economic cycle was particularly intense, as the economy shifted from a boom in 2005-06 to the deepest and longest recession since the 1930s in 2008-09, followed by a weak recovery. The cycle was more extreme in Arizona, particularly in the construction and real estate sectors. Thus, the sectoral shares for these sectors fell much more in Arizona than nationally. The sectoral share also dropped in manufacturing, nationally and in Arizona. The largest increase in share nationally and in Arizona occurred in health care and social assistance.