Construction unemployment reaches 19.2 percent (2:56 p.m. 6/5/09)
Published: June 5, 2009
From Daily Reporter.com
This from last June:
Sean Ryan
sean.ryan@dailyreporter.com
Nationwide construction unemployment reached 19.2 percent in May after 59,000 workers lost their jobs that month.
Over the past 12 months, the U.S. construction industry has lost 990,000 jobs, a 14 percent drop from the May 2007 to May 2008 period, said Ken Simonson, chief economist for the Associated General Contractors of America.
Construction is doing worse than the overall national economy, which had a 9.2 percent unemployment rate in May.
Simonson predicted employment for residential construction workers would level off in the next few months, and said stimulus projects also will generate more jobs.
Also: Check out this article"
Friday, June 12, 2009
Unemployment tops 20% in Construction Trades @
http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2009/06/15/story8.html
We wonder what the story is now that they admit over 10% unemployment, and with actual unemployment reaching near depression levels?
Wednesday, October 21, 2009
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