So Much For An Improving Economy

ABC News: Housing Slowdown May Claim 800,000 Jobs:

LOS ANGELES Dec 7, 2005 — 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."

And the hits just keep on coming. I wonder what the spinmeisters will do with this.