Less Construction Jobs
Friday, December 10th, 2010
The statistics tell it all, the unemployment rate has dipped another 5% which translates to hundreds of thousand people without jobs. In the construction business which is directly linked to the housing market lost 49,000 jobs as construction of new houses were put on hold to allow the disposal of already completed ones. The housing market is trying to fix the problem they started and the construction industry is a resilient one (for there never seems to be enough structures around) when houses stop being built we move on (to gas stations and truck stops and other projects). The financial woes have many people sitting on the edge of their pants and we hope the industry recovers faster than predictions.