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Will: Economic Crisis May Only Be ‘A Financial Problem, While Rest Of Economy Is Doing Rather Well’
Think Progress — ... not the only sector of the economy in crisis mode. Some examples: Construction Industry: The construction sector is “beset by one of the biggest drops in employment in the current economic downturn” and had an unemployment rate of 10.8 percent in October. Labor Market: The economy lost nearly 1.2 million jobs in the first 10 months of 2008, including 240,000 jobs in October. Unemployment is now at roughly 6.5 percent. Housing Industry: New home sales in September ...

Will: Economic Crisis May Only Be ?A Financial Problem,? ?Rest Of Economy Is Doing Rather Well?
The Hollywood Liberal — ... is deeply misguided. It’s clear that the financial industry is not the only sector of the economy in crisis mode. Some examples: Construction Industry : The construction sector is “beset by one of the biggest drops in employment in the current economic downturn” and had an unemployment rate of 10.8 percent in October. Labor Market : The economy lost nearly 1.2 million jobs in the first 10 months of 2008, including 240,000 jobs in October . Unemployment is now at roughly 6.5 percent . Housing Industry : New home sales in September 2008 were 33.1. percent ...