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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: russwinter	7/8/2006 3:46:34 PM
	of 110194

Job report notes, frankly I'm surprised and skeptical that real estate and constuction related employment is even flat?: epi.org "An important hint from today's report, for example, shows that employment in residential construction fell 6,800 over the past two months, the sector's first back-to-back monthly losses since the spring of 2001. Thus far this year, residential construction employment is up 7,000, compared to an increase of 20,000 over the same six-month period last year. And while employment in real estate was up 5,000 last month, job growth among credit intermediaries and insurance carriers—so-called "downstream industries" from the housing sector—has been notably flat over the past few months. In other words, there are many connections between the housing sector and other sectors in the job market, and the cooling of that sector has far-reaching implications."

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