Housing Slowdown May Claim 800,000 Jobs

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00017843-housing-slowdown-may-claim-800000-jobs/

By Alex Veiga, AP Business Writer

A sustained decline will hit the U.S. housing market next year, costing the nation as many as 800,000 jobs, according to a new economic report released Wednesday.

The slowdown is likely to last several years, with as many as 500,000 construction jobs and 300,000 financial sector positions lost, the quarterly Anderson Forecast predicted.

For this complete story, please visit http://biz.yahoo.com/ap/051207/economic_forecast.html?.v=8.