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

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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.

Suggested Citation

  • Michael Nicholson & Pia M. Orrenius, 2008. "Spotlight: unemployment trends: less-educated workers hit hard in housing bust," Southwest Economy, Federal Reserve Bank of Dallas, issue Nov, pages 1-7.
    • Handle: RePEc:fip:feddse:y:2008:i:nov:p:7:n:6
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