Friday, March 8, 2013

Construction jobs soar on housing recovery

http://money.cnn.com/2013/03/08/news/economy/construction-jobs/index.html?iid=SF_E_Lead

As the title suggests, there has been a growing demand for construction workers especially when the housing market is starting to get back on its feet. 151,000 jobs have been added over the last five months in the construction industry, 48,000 of those in February alone. In fact, they have been hiring so much that they are afraid the market might run out of workers. The problem is during the downturn, way too many workers left the field so there is a shortage of skilled construction workers in the market. It is also important to note that employment levels in construction are still very low compared to not just the housing boom years but also to employment even before the bubble started to inflate. The industry would have to add about 1 million workers overall to return to levels seen in early 2003.

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