Beschreibung:
<jats:title>ABSTRACT</jats:title><jats:p>Should an economic development strategy target the business services industry to insulate the local economy from the business cycle? The relationship between business services employment (SIC 73) and measures of the business cycle is analyzed at national and metropolitan‐area levels. At the national level, certain components of business services are not immune to the business cycle while others are. At the metropolitan level, certain characteristics of the metropolitan area and its industrial structure are identified which would result in business services employment being procyclical or not immune to the business cycle.</jats:p>