Did We Dodge a Recession? With Warren Pies
Real Vision: Finance & Investing
00:00
The Importance of Job Losses in the Residential Construction Industry
Housing is really the economy. If the housing market sneezes, the rest of the economy catches a cold basically. We need to see job losses in the residential construction industry proceed job losses overall. Even though construction is like 5% of total US payrolls, it accounts for 15% of the jobs lost during the recession.
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