U.S. construction jobs seen weak for rest of 2009

Reuters
March 23, 2009
COMMERCIAL, RETAIL, FABRICATION : FORECASTS, TRENDS

The U.S. jobs sector hit hardest by the recession, construction, may not reach bottom until sometime next year.

With one in five U.S. construction workers out of a job, prospects for the sector remain dim amid ongoing cuts in construction spending, a decline in nonresidential projects, and concerns that government stimulus will take months to have any measurable effect, industry experts say, according to a March 18 Reuters report.

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