Manufacturing layoffs stung less in cities where housing boomed
Comparison of employment levels for non-college men in 2006 and 2012 across 275 U.S. metropolitan areas. Employment is calculated relative to what would be expected based on the extent of local manufacturing job losses during the early 2000s. Non-college men in metros with major housing booms tended to be doing much better than expected in 2006 at the peak of the boom, but not particularly well relative to those in other metro areas after the bubble burst.
Source: author calculations appearing in Figure 5 and Figure 9 of a companion paper