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January 03, 2011

The impact of the U.S. housing bubble and bust on employment, 2001–09

Percent change in nonfarm payroll employment, select industries, 2001-09
Industry Percent change
2001-06 2006-09

Construction

   

Residential specialty trade contractors

29.7 -32.0

Heavy and civil engineering

3.4 -14.0

Residential buildings

29.1 -36.6

Manufacturing

   

Construction machinery

9.0 -13.3

Cement and concrete products

5.1 -24.4

Wood products

-2.7 -35.5

Trade

   

Retail

   

Building material and garden supply stores

15.0 -12.2

Furniture stores

6.1 -25.0

Wholesale

   

Lumber and construction supply

19.8 -22.3

Financial activities

   

Mortgage and nonmortgage loan brokers

119.5 -54.5

Real estate credit

52.0 -44.0

Real estate

   

Offices of real estate agents and brokers

28.7 -18.5

These data featured in the TED article, The impact of the U.S. housing bubble and bust on employment, 2001–09.

 

 

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