The housing bubble and the job market

From: http://www.charlotteobserver.com/2011/08/28/2559411/jobs-fairly-plentiful-in-some.html#ixzz1WNZISR7N

Generally, the job market is brighter in communities that avoided the excesses of the housing bubble. The unemployment rate in Oklahoma City, where there wasn’t much of a housing boom, is 5.7 percent – the lowest among large U.S. metro areas.

I feel like there is a very good paper, and a very good illustration of some macro economic idea. At this point, I’m just not sure what exactly that idea is…


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