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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: CalculatedRisk who wrote (70567)9/28/2006 4:45:26 PM
From: russwinter  Read Replies (1) of 110194
 
That 100K lost construction jobs is just in California.>

I know that, but there are close to a million construction jobs in Calf. How can 40% plus drops in new building permits there translate into 10% job loss is my point? What do these "economists" use for their models? Do they just ignore numbers like 42% drops as just a fluke? Even 200,000 Calf jobs, or 20% seems tame. These outfits will not hesitate to get labor in line with activity, as it's expensive wages.
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