Spotlight: unemployment trends: less-educated workers hit hard in housing bust

Michael Nicholson and Pia Orrenius

Southwest Economy, 2008, issue Nov, No 6, 7

Abstract: The U.S. housing market's troubles have spread to financial markets, and news reports have focused on broad indicators of Wall Street's distress, such as stock market indexes and interbank lending rates. However, the pinch on Main Street has been impacting low-wage workers for more than two years.

Keywords: Labor market; Education - Economic aspects; Unemployment (search for similar items in EconPapers)
Date: 2008
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