Is Job Recovery Dependent on Construction and Related Industries?

http://www.marketwatch.com/story/hiring-weak-in-june-with-only-18000-jobs-created-2011-07-08

“A job recovery cannot happen without improvement in construction.” Construction and related industries make up 10% of GDP. In addition, consumers have seen a significant negative impact on their wealth with the fall in housing prices. Until there is a significant improvement in construction – particularly in the area of residential home building, we will not see a significant improvement in employment.”

Contributing author: George Village, PhD

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