Real Estate

Housing rebound fails to lift job market

Over the past few years, economists were waiting for housing to rebound so the job market can finally — crash? Wait, no. It’s the opposite. Right?

On Friday, we’ll get the latest look at how the job market is doing. Hiring is improving, but the unemployment rate has stayed stubbornly high. The go-to explanation among economists has been the weak housing market, Fortune reports.

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3d rendering of a row of luxury townhouses along a street

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