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JOURNAL OF APPLIED BUSINESS AND ECONOMICS
US Job Creation Growth Rate and Sub-Sector Vulnerability to Economic Shock
Author(s): Rexford Abaidoo
Citation: Rexford Abaidoo, (2011) "US Job Creation Growth Rate and Sub-Sector Vulnerability to Economic Shock," Journal of Applied Business and Economics, Vol. 12, Iss. 5, pp. 66 - 79
Article Type: Research paper
Publisher: North American Business Press
Abstract:
This study employs a modified vulnerability model to measure the probability of being vulnerable to
economic shock features associated with selected sectors and sub-sectors of the US economy. Marginal
effect Probit results show that job creation growth rate features characterizing sectors and sub-sectors of
the US economy are significant in estimating probability of being vulnerable to economic shock. This
study finds that a percentage growth in job creation rate all things being equal, decreases the likelihood
of being vulnerable to economic shock among some selected sectors and sub-sectors of the US economy;
However, this decreasing probability of being vulnerable to economic shock given a percentage growth in
job creation rate, tend to vary significantly among sectors and sub-sectors of the economy tested. This
study also finds that for some sub-sectors of the US economy, job creation growth rate features does not
fully capture or explain the potential of being vulnerable to economic shock.
