A recession was the time during which the inventory was sold off. Some were worse than others. The fear results in decreased demand. The inventory is sold off more slowly. With its emphasis on process re-engineering and Just In Time inventory, the American economy essentially established a single inventory control system.
Key suppliers manage inventory and requirements in their accounts throughout the economy.
We think it was the first real demonstration that the Human Capital Inventory System is in need of completion. In that exact same month 450,000 jobs were offered on Monster alone. The demographics are straightforward. The only way to explain the massive wave of illegal immigration into our cities and suburbs is that there is plenty of work to go around. There are vastly more jobs in the economy.