A Closer Look

US / Job Gap / Construction Still in The Red

Of the 8.8 million jobs lost in the U.S. economy, a whopping 2.2 million were in construction. Most of those jobs have yet to come back.

FireShot Screen Capture #367 - 'Construction jobs_ Not quite a comeback yet - Jan_ 15, 2013' - money_cnn_com_2013_01_15_news_economy_construction-jobs

Some construction firms expect to hire more workers in 2013, but don’t call it a comeback just yet.

About 31% of construction companies plan to hire workers this year, while only 9% of firms plan to cut jobs. The others either expect to keep their staff levels the same, or aren’t sure of their hiring plans yet, according to a survey by the Associated General Contractors of America.

While the industry is still far from a hiring boom, it marks some improvement over a year earlier when 31% of firms planned to cut employees, nearly canceling out the 37% that planned to hire.

“2013 should be a good year, but not a great year for most construction firms,” said Ken Simonson, chief economist for the Associated General Contractors of America.

Choosen excerpts by Job Market Monitor from

FireShot Screen Capture #055 - 'How to get to the Federal Reserve's 6_5% unemployment rate target - Dec_ 14, 2012' - money_cnn_com_2012_12_14_news_economy_federal-reserve-unemployment

via Construction jobs: Not quite a comeback yet – Jan. 15, 2013.

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