Thursday, September 30, 2010 connected to the....

Inevitably, the "housing market bone" is connected to the "jobs bone."

The housing market is still tanked, sitting, not much moving but a few sales here and there.  The housing market is connected to the jobs market. The jobs market is quiet, or maybe the better word is decimated.

I’ve been hearing a lot about layoffs and something like a 12.5% unemployment rate when all are considered; newly graduated people looking for work, undocumented people, those whose unemployment insurance has run out, and those who were never eligible for unemployment insurance to begin with for one reason or another.  So really, it’s something like 25% unemployment, or 1 out of 4 people are without a job.