Thompson example, a very rapid rate of local growth could swamp the local cycle, with a cycle trough barely if at all lower than the preced-ing prosperity peak. A local recession is then expressed as a reduced rate of in-migration, with local employment holding steady¿^ But since total national unemployment is unchanged, one local economy escapes unemployment by exporting it to others. Similarly, rapid growth draws in the most mobile part of the labor force and gives to that local labor market an unusual power to adapt to rapid contraction at some later time, if need be, -7*/:h quick and easy

DOI link for Thompson example, a very rapid rate of local growth could swamp the local cycle, with a cycle trough barely if at all lower than the preced-ing prosperity peak. A local recession is then expressed as a reduced rate of in-migration, with local employment holding steady¿^ But since total national unemployment is unchanged, one local economy escapes unemployment by exporting it to others. Similarly, rapid growth draws in the most mobile part of the labor force and gives to that local labor market an unusual power to adapt to rapid contraction at some later time, if need be, -7*/:h quick and easy

Thompson example, a very rapid rate of local growth could swamp the local cycle, with a cycle trough barely if at all lower than the preced-ing prosperity peak. A local recession is then expressed as a reduced rate of in-migration, with local employment holding steady¿^ But since total national unemployment is unchanged, one local economy escapes unemployment by exporting it to others. Similarly, rapid growth draws in the most mobile part of the labor force and gives to that local labor market an unusual power to adapt to rapid contraction at some later time, if need be, -7*/:h quick and easy