The housing bubble and the job market


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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