Finance and Economics Discussion Series: Data for paper 201406
♣
The Credit Crunch and Fall in Employment during the Great Recession
Figure 2: Changes in C&I lending standards and growth in employment in the U.S. manufacturing sector
| Year | Changes in standards | Growth in employment |
|---|---|---|
| 1991 | 8.1114042 | |
| 1992 | -2.3597769 | -0.1336349 |
| 1993 | -6.0335442 | 0.8322521 |
| 1994 | -12.2224683 | 0.2066943 |
| 1995 | 2.2787711 | 3.1420000 |
| 1996 | -2.3922431 | 1.1692561 |
| 1997 | 1.7197461 | 1.4299608 |
| 1998 | 8.4431217 | 1.0582007 |
| 1999 | 1.2469976 | -1.2759031 |
| 2000 | 29.1832765 | -0.4371322 |
| 2001 | 25.0602393 | -5.3134217 |
| 2002 | 9.0437129 | -7.2285247 |
| 2003 | -0.4185993 | -4.8781185 |
| 2004 | -21.2990243 | -1.4152527 |
| 2005 | -12.5274360 | -0.4790308 |
| 2006 | -14.5951858 | -0.5865601 |
| 2007 | 16.5909501 | -2.0202298 |
| 2008 | 61.0796936 | -3.2501438 |
| 2009 | 20.3415674 | -11.732317 |
| 2010 | -4.9442987 | -2.6798036 |
| 2011 | -3.6073153 | 0.9583666 |
Figure 3: Growth in employment in manufacturing industries in the U.S.
| Year | EFxTA=0 DG=0 | EFxTA=1 | DG=1 |
|---|---|---|---|
| 1992 | 0.0702180 | 1.3445269 | -1.0922352 |
| 1993 | -0.1322837 | 1.8402141 | 0.7297611 |
| 1994 | -4.0728583 | 1.6814440 | 1.1845875 |
| 1995 | 0.7813132 | 3.4913332 | 3.9161522 |
| 1996 | 2.6264861 | 0.7639121 | 2.0570316 |
| 1997 | 0.8915626 | 1.2892278 | 2.4988132 |
| 1998 | 0.2561928 | 0.8304376 | 2.1288378 |
| 1999 | -0.8345169 | -0.4778153 | -0.9486341 |
| 2000 | -0.6766352 | -0.6429433 | 0.4007295 |
| 2001 | -2.7369111 | -6.4881854 | -5.6114573 |
| 2002 | -3.0894780 | -6.4225378 | -8.3518877 |
| 2003 | -2.0788612 | -5.0501208 | -5.3645916 |
| 2004 | -2.6126964 | -1.6703703 | -0.5017886 |
| 2005 | -1.0180441 | -0.9383246 | 0.4871925 |
| 2006 | -1.4043646 | -1.6871929 | 0.2278872 |
| 2007 | -0.2349533 | -4.4736457 | -1.9032840 |
| 2008 | -1.2296219 | -5.8511300 | -3.7047956 |
| 2009 | -5.5191259 | -15.4545488 | -14.1350861 |
| 2010 | -1.9393920 | -2.7406323 | -2.9739285 |
| 2011 | -0.6167809 | 0.2637109 | 2.1095371 |
Figure 4: Growth in the number of establishments in manufacturing industries in the U.S.
| Year | EFxTA=0 DG=0 | EFxTA=1 | DG=1 |
|---|---|---|---|
| 1992 | 2.56584406 | 1.46747971 | 1.2585394 |
| 1993 | 2.46486640 | 1.48097694 | 1.5846279 |
| 1994 | -0.67499644 | -0.36319613 | -0.3792618 |
| 1995 | 3.75216889 | 3.34407520 | 3.1768935 |
| 1996 | 3.81854916 | 1.88119829 | 2.1637764 |
| 1997 | 1.53701591 | 1.44380331 | 1.5094044 |
| 1998 | 2.96139598 | 1.51104844 | 2.0157835 |
| 1999 | 1.10426295 | 0.28747883 | 0.4514870 |
| 2000 | 0.42545086 | -0.89518881 | -0.7328461 |
| 2001 | 0.06323111 | -1.33959210 | -1.0197440 |
| 2002 | -1.31437600 | -2.61369705 | -2.3073728 |
| 2003 | -1.38310814 | -2.20294666 | -1.9113803 |
| 2004 | -0.11038245 | -1.84953308 | -1.6569004 |
| 2005 | 0.75403017 | -1.43920267 | -0.7983186 |
| 2006 | 0.54193550 | -0.36539161 | -0.2886719 |
| 2007 | 2.04055452 | -0.06901591 | 0.0406782 |
| 2008 | 1.94944036 | -0.54980028 | -0.2539191 |
| 2009 | -0.56131262 | -3.28572011 | -2.4662929 |
| 2010 | -0.46523169 | -3.36918879 | -2.5682297 |
| 2011 | 0.08724916 | -1.72803175 | -1.4108322 |
Figure 5: Growth in the average size of establishments in manufacturing industries in the U.S.
| Year | EFxTA=0 DG=0 | EFxTA=1 | DG=1 |
|---|---|---|---|
| 1992 | -2.4331899 | -0.1211714 | -2.3215616 |
| 1993 | -2.5346761 | 0.3539908 | -0.8415325 |
| 1994 | -3.4209490 | 2.0520980 | 1.5698030 |
| 1995 | -2.8634124 | 0.1424863 | 0.7164984 |
| 1996 | -1.1482235 | -1.0966551 | -0.1044805 |
| 1997 | -0.6356795 | -0.1523759 | 0.9746931 |
| 1998 | -2.6273987 | -0.6704784 | 0.1108244 |
| 1999 | -1.9176028 | -0.7630950 | -1.3938265 |
| 2000 | -1.0974191 | 0.2545190 | 1.1419424 |
| 2001 | -2.7983696 | -5.2185006 | -4.6390257 |
| 2002 | -1.7987460 | -3.9110632 | -6.1872745 |
| 2003 | -0.7055129 | -2.9113090 | -3.5204992 |
| 2004 | -2.5050747 | 0.1825385 | 1.1745659 |
| 2005 | -1.7588159 | 0.5081961 | 1.2958573 |
| 2006 | -1.9358085 | -1.3266478 | 0.5180539 |
| 2007 | -2.2300062 | -4.4076729 | -1.9431636 |
| 2008 | -3.1182737 | -5.3306346 | -3.4596646 |
| 2009 | -4.9857984 | -12.5822544 | -11.9638605 |
| 2010 | -1.4810489 | 0.6504734 | -0.4163911 |
| 2011 | -0.7034156 | 2.0267732 | 3.5707543 |
Figure 6: The weighted average tightening of C&I lending standards for small firms
| Year | New York | Texas | California |
|---|---|---|---|
| 1990 | 48.893103 | 14.29878 | 43.42796421 |
| 1991 | 6.353054 | 2.428706 | -2.00292147 |
| 1992 | 0.000000 | -10.958383 | 0.00000000 |
| 1993 | 0.000000 | -31.286274 | -13.74280078 |
| 1994 | -9.138328 | -4.836095 | -37.65539119 |
| 1995 | 4.350422 | -10.390762 | -0.48799390 |
| 1996 | -4.953172 | 4.721534 | 0.00000000 |
| 1997 | -3.685886 | -2.361272 | 8.96114339 |
| 1998 | -2.218719 | 12.941295 | 16.81408052 |
| 1999 | -3.109982 | 3.182861 | 7.12905767 |
| 2000 | 22.539531 | 27.599502 | 37.36039185 |
| 2001 | 17.426046 | 35.578702 | 26.11589380 |
| 2002 | 17.529413 | 16.455852 | 3.70047505 |
| 2003 | 6.434789 | -1.809585 | 0.03674199 |
| 2004 | -26.621259 | -20.883264 | -18.67473207 |
| 2005 | -17.610291 | -16.966660 | -3.60412255 |
| 2006 | -10.308755 | -11.328635 | -8.54858808 |
| 2007 | 19.247710 | 19.188261 | 18.60369233 |
| 2008 | 73.267892 | 68.780338 | 69.05487761 |
| 2009 | 28.676552 | 26.700816 | 26.21497394 |
| 2010 | -5.211056 | -5.468712 | -6.32901497 |
Figure 7: The weighted average change in banks willingness to originate consumer installment loans
| Year | U.S. |
|---|---|
| 1990 | -24.724709 |
| 1991 | 11.784011 |
| 1992 | 18.158138 |
| 1993 | 39.956512 |
| 1994 | 28.247038 |
| 1995 | 12.856327 |
| 1996 | -4.943264 |
| 1997 | 8.806492 |
| 1998 | 7.361610 |
| 1999 | 3.948166 |
| 2000 | -1.549096 |
| 2001 | -8.708494 |
| 2002 | 4.753988 |
| 2003 | 4.882881 |
| 2004 | 16.165364 |
| 2005 | 10.374908 |
| 2006 | 21.197805 |
| 2007 | 6.763330 |
| 2008 | -55.072065 |
| 2009 | -54.211873 |
| 2010 | 23.237000 |
♣ This version is optimized for use by screen readers. Descriptions for all mathematical expressions are provided in LaTex format.
A printable pdf version is available.
Return to Text