Coffee Statistics: Coffee Consumption and The Economy

August 12, 2011 4:31 am

We spotted this today:

Over the past decade, coffee consumption outside of the home has shown some reaction to the nation’s economy. In 2001, for example, coffee consumption outside of the home was in the low 30% range, as the nation entered a recession, and it remained there in 2002 and 2003, as the nation moved out of recession but unemployment remained high in what has been called the “jobless recovery,” Sweet said.

But in 2004, coffee consumption levels outside of the home soared to 40% from 29% in the previous year. That was about the time the nation’s unemployment picture began to turn around for the better, Sweet said.

Consumption levels outside of the home took a hit in 2007, falling to 33% from 40% the previous year. In late 2007, it was the technical start of the recession, though the annual average unemployment figures were at 4.6%, Sweet said. He added that the recession technically ended in June 2009 but has remained in a “jobless” recovery.”

See full article from DailyFinance:

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