As cnnmoney.com informs MHProNews.com, prior to the housing bubble young adult employment was in the 78-80 percent range, falling to 73.5 percent during the recession, and finally rising to the 75 percent range in 2012. As Jed Kolko, Trulia‘s chief economist and vice president of analytics, reports, last month that number hit 75.9 percent after fluctuating around the 75 percent mark for nearly two years. But, he says, it takes a while for that effect to impact the housing market: “It would be hard to get a lot of new household formation without a better jobs picture,” he adds. While the increase does not seem like much, each percentage point represents 400,000 jobs. ##
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