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Federal Reserve Bank of Dallas
Southwest Economy
Spotlight: unemployment trends: less-educated workers hit hard in housing bust
Pia M. Orrenius
Michael Nicholson

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.

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Pia M. Orrenius & Michael Nicholson, "Spotlight: unemployment trends: less-educated workers hit hard in housing bust" , Federal Reserve Bank of Dallas, Southwest Economy, issue Nov, pages 7-, 2008.
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Keywords: Education - Economic aspects ; Unemployment ; Labor market
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