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To: expat_panama
Now we actually do have people out of work, and the fact that it's in home construction makes it a leading indicator.

I'll bet it's mostly illegals. I think they are the most losing their homes they got with loans they didn't intend to pay for and jobs lost by the somewhat crack down. I'm not worried about this.

4 posted on 08/31/2007 4:56:17 AM PDT by YellowRoseofTx
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To: YellowRoseofTx
I'll bet it's mostly illegals.

You're not alone in that bet; from the article:

"Economists say the actual employment figure probably is much lower, partly because builders haven't reported layoffs of undocumented workers and other off-the-books personnel."

6 posted on 08/31/2007 5:02:54 AM PDT by expat_panama
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