« Sneak Peek at Weekend Reading | Main | PF. Chang's and the Housing Market »
Latest Stories
- Interview with a (Fake) Hedge Fund Manager
- Reason # 7,732 Why Yahoo Management is Delusional
- First Faux Apple 3G iPhone Teardown
- New York as (Financial) Tech Startup Hub
- Companies Mutate or Die
September 2, 2007
Housing Stat du Jour
Here is the housing stat du jour:Between November 2001 and April 2005, housing and housing-related industries created 788,300 jobs, or 40 percent of the total created in the United States, according to Asha Bangalore, an economist at Northern Trust in Chicago.[via Newsweek]
Sphere It
| 
Digg it
| 
Bookmark it
| 
Stumble it
That stat sounds pretty dubious; there's some fudging going on somewhere. From the BLS themselves, "Total [US] employment is expected to increase from 145.6 million in 2004 to 164.5 million in 2014, or by 13 percent". That's 1.8 million jobs PER YEAR.
Real numbers at:
http://www.bls.gov/oco/oco2003.htm
Maybe he's just talking about the number of part-time, new real estate agents. Supposedly over 1.3% of the population of California are real estate agents:
http://realtytimes.com/rtapages/20060705_moreagents..htm
(yes there are two dots in the URL)