Housing Slowdown Can Curtail Careers But Opens Other Doors

Mortgage brokers, prepare your résumés. And while you are at it, highlight any experience you’ve had in health care.

The reason: Housing, the biggest generator of jobs in the current expansion, is running out of steam. As a result, tens of thousands of Americans, from bankers to hardware-store clerks, are likely to find themselves out of work over the next couple of years. For those who can transfer their skills to other industries that are still growing, such as health care, it won’t be the end of the world.

"It’s not going to be a big show-stopper, because there are other areas of the economy that are picking up," says Brian Bethune, U.S. economist at consulting firm Global Insight.

By Mark Whitehouse

From The Wall Street Journal Online

Full Story: http://www.careerjournal.com/salaryhiring/hotissues/20060707-whitehouse.html?cjcontent=mail