Table 5.

Counterfactual analysis of the 2008 crisis effect on employed

QuarterEmployedCounterfactualDifferenceDifference/Counterfactual (%)
2008 Q420,055.320,284.0 (67.5)−228.7 (67.5)−1.1
2009 Q119,284.419,971.3 (120.1)−686.9 (120.1)−3.4
2009 Q219,154.219,942.5 (154.1)−788.3 (154.1)−3.9
2009 Q319,098.419,763.6 (165.9)−665.2 (165.9)−3.4
2009 Q418,890.419,425.0 (165.8)−534.6 (165.8)−2.6
2010 Q118,652.919,073.0 (154.4)−420.1 (154.4)−2.2
2010 Q218,751.119,079.3 (121.5)−328.2 (121.5)−1.7
2010 Q318,819.018,943.6 (68.7)−124.6 (68.7)−0.7
Source: Authors’ own work

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