while the weakness of
the service sector was close to what it was at its worst point in the three recessions prior to
1990-1991 (Wait until next year, 1991). Restructuring of corporations caused the loss of an average
of 2,200 white-collar jobs per day in the third quarter of 1991, followed by an average of 2,500 jobs
per day in the fourth quarter (Thompson, 1992). Typically, this was the type of job that was well
paying and guaranteed success for the American white-collar worker. This sector may have been
harder hit for a longer period because this type of cut-back is atypical from that of inventory
recessions, when production workers are the ones being laid off. When demand returns at even
moderate levels, the production worker is rehired.