How Construction Can Lose Jobs in a Home Building Rebound
The latest jobs report showed a drop in construction employment, but it isn't because the housing boom is slowing. The sector lost about 6,000 jobs overall, according to the Labor Department's jobs report. This was largely due to a decline in hiring for non-residential buildings or public works projects like roads or sewer plants. Combined, these two areas lost 19,700 jobs. Meanwhile, home builders and their subcontractors added 13,300 workers. A big part of the sector's pullback is due to a drop in government-funded construction projects, a trend that has been going on for about two years. Continue reading story |