Astounding Fact of the Day

More evidence of the relationship between the housing market and the overall economy:

Construction makes up less than 5 percent of employment but accounts for more than 40 percent of the large swings in the job-filling rate during and after the Great Recession.

That’s from “Recruiting Intensity During and After the Great Recession,” by Steven J. Davis, R. Jason Faberman, and John C. Haltiwanger (abstract; PDF).

 


Sri

Swing jobs, like swing voters. Small percentage who have outsized impact!

Unrelated question: What are the odds of missing a flight and then loosing a mobile on the same day? It just happened to me :)

Dave

It's "losing."

ZeroHero

The mobile was loose

MIkeM

Fascinating data, but what percentage of new construction is for housing, and what percentage is commercial, gov't, etc.?

John

the lack of relative and absolute next to those percents has me confused.