economic cycle

For decades, the sports industry has been largely impervious to the economic cycle. But graduates are finding out that the industry’s growth is slowing, if not reversing.

Declines in many overseas markets in the last year have been greater than those in the United States. And there is a sense they might be approaching a top of the economic cycle.

History tells us employment tends to lag in the economic cycle. Jobs return once demand for products and services goes up.

But commentator and economist Mark Thoma says factors like technology are throwing a wrench into the jobs equation.