Inside the Creative Class: A Closer Look at U.S. Unemployment Rates

From Introduction

The effects of an economic downturn are felt unequally by different groups, a phenomenon we have examined in earlier Insights (see Unemployment on the rise: Who’s hit most by the recession?). Those in creative class occupations – high-autonomy occupations where workers are paid to think such as artists, senior managers, doctors, and architects – experience a much lower rate of unemployment than other workers in both good times and bad. Our time series analysis of United States labour data finds that while some sub-groups of the creative class exhibit consistently higher unemployment, all of them typically outperform the national unemployment rate.

Source: The Martin Prosperity Institute at the University of Toronto’s Rotman School of Management

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