# Prof. David Backus on the manufacturing and housing job sectors

1 Faculty News December 7, 2012 ![Huffington Post logo](/sites/default/files/styles/246w/public/assets/images/huffpost192x144.jpg?itok=sF2Y0c9v)>

Excerpt from the [Huffington Post](http://www.huffingtonpost.com/2012/12/07/jobs-report_n_2258942.html?utm_hp_ref=business) -- "'Manufacturing and housing are the most cyclical sectors of the economy,' said[ David Backus](http://www.stern.nyu.edu/faculty/bio/david-backus), chair of the economics department at NYU's Stern School of Business. 'What you see in a typical recession is that they're going to go down a lot and then they're going to go back up a lot. The latter hasn't happened yet.'"

[Read more](http://www.huffingtonpost.com/2012/12/07/jobs-report_n_2258942.html?utm_hp_ref=business)