Both nationally and statewide pbs has followed the

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Unformatted text preview: 1990. In Colorado, PBS accounts for 15% of total employment. Both nationally and statewide, PBS has followed the trajectory of the U.S. economy, but has been more volatile. Throughout the 1990s, U.S. employment in PBS increased at a much faster rate than total employment. In Colorado, the sector grew at a much faster rate compared to the nation. For this reason, it was believed that PBS firms would be never-ending growth engines, and that PBS was recession proof, unlike Construction or Manufacturing. Yet PBS took a hard hit after the high-tech bubble burst in 2001-02. Similarly, PBS employment expanded faster and crashed harder during the housing bubble. PBS firms, alas, are not immune from business cycles. It should also U.S. AND COLORADO PBS EMPLOYMENT Annual Percentage Change 10.0 8.0 U.S. PBS 6.0 Colorado PBS 4.0 2.0 0.0 Colorado Total -2.0 -4.0 -6.0 -8.0 1992 1994 1996 1998 Source: Bureau of Labor Statistics, Current Employment Statistics. 68 2000 2002 2004 2006 2008 2010 2012 Colorado Business Economic Outlook be noted that although PBS Sector employment rebounds after each recession, there is a genera...
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