Table 7.
Counterfactual analysis of the 2008 crisis effect on active population
Quarter
Active population
Counterfactual
Difference
Difference/Counterfactual (%)
2008 Q4
23,262.1
23,187.4 (42.5)
74.7 (42.5)
0.3
2009 Q1
23,303.6
23,283.0 (55.7)
20.6 (55.7)
0.1
2009 Q2
23,293.8
23,376.5 (52.3)
−82.7 (52.3)
−0.4
2009 Q3
23,219.8
23,392.9 (52.3)
−173.1 (52.3)
−0.8
2009 Q4
23,225.4
23,371.4 (55.8)
−146.0 (55.8)
−0.6
2010 Q1
23,270.5
23,362.7 (42.9)
−92.2 (42.9)
−0.4
Quarter
Active population
Counterfactual
Difference
Difference/Counterfactual (%)
2008 Q4
23,262.1
23,187.4 (42.5)
74.7 (42.5)
0.3
2009 Q1
23,303.6
23,283.0 (55.7)
20.6 (55.7)
0.1
2009 Q2
23,293.8
23,376.5 (52.3)
−82.7 (52.3)
−0.4
2009 Q3
23,219.8
23,392.9 (52.3)
−173.1 (52.3)
−0.8
2009 Q4
23,225.4
23,371.4 (55.8)
−146.0 (55.8)
−0.6
2010 Q1
23,270.5
23,362.7 (42.9)
−92.2 (42.9)
−0.4
Source:
Authors’ own work
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