Thursday, January 13, 2011

Slow Recovery

Only 60 percent of the 1.7 million jobs lost in residential construction will be recovered by 2018, according to projections by the Bureau of Labor Statistics. In that year, residential-construction related employment will account for 3.8 percent of the labor force--above the 3.0 level of 2008, but well below the 5.1 percent level of 2005.

Source: Monthly Labor Review, The U.S. Housing Bubble and Bust: Impacts on Employment

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