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Why The US Economy Needs More Construction Jobs

Why The Economy Needs More Construction Jobs – The economy has added about a million construction jobs in the past few years, but the number remains far below the pre-recession peak of about 7.7 million. Few economists expect the U.S. to create construction work at the housing-boom pace of the mid-2000s, but in a labor market saturated with low-wage work, the dearth of these decent-paying jobs is especially painful.

It’s been a puzzling recovery. Six years since the peak of the financial crisis, jobs are returning, but the poverty rate is rising, and wages stagnating. Here’s another head-scratcher: One of the classic signs of a healthy economy is steady growth in the number of construction jobs. And yet, as the October jobs report shows, employment…

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a<center>ME News - Connecting You To World News, Jobs And Content From Aroland First Nation Within the Nishnawbe-Aski Nation Territory in Treaty 9