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Employment report highlights return of construction jobs

  • One feature of Friday's employment report was the continued recovery in the construction industry, which hired 32,000 workers in April, or 11% of the total. The sector has added 124,000 employees during the previous four months.
  • The segment was decimated during the Great Recession, when 2.3M jobs were lost and the number of positions fell to below 5.4M in April 2011 from more than 7.7M five years earlier. The figure is back up to 6M.
  • The problem is that because many people left the construction sector over the past few years, a lot of the new hires are unskilled and need intensive training.
Comments (7)
  • bbro
    , contributor
    Comments (10526) | Send Message
     
    The construction employment to total nonfarm employment ratio is currently 4.34%
    the 50 year average of this ratio is 4.90%....this ratio bottomed in January 2011 at 4.15%....the range on the 1990's was 4.2% to 5.1%...5.1% was in late 1999
    4 May 2014, 09:20 AM Reply Like
  • Hubert Biagi
    , contributor
    Comments (713) | Send Message
     
    "a lot of the new hires are unskilled and need intensive training." More of the same, what happened to all those skilled workers that lost their jobs, and who has taken their place?
    4 May 2014, 10:04 AM Reply Like
  • John Grandits
    , contributor
    Comments (475) | Send Message
     
    when there's a backlog of workers that are mostly qualified for the positions often those that are less qualified will be hired since they can be paid considerably less and trained to do the same work, as opposed to paying 30% more initially
    4 May 2014, 12:26 PM Reply Like
  • Lbrto
    , contributor
    Comments (17) | Send Message
     
    unskilled and need of intensive training?

     

    won't it be possible that those that left are also the ones taking up these new jobs, so there could be not much need for intensive training?

     

    thanks!
    4 May 2014, 10:15 AM Reply Like
  • Jake2992
    , contributor
    Comments (831) | Send Message
     
    Great news for Democrats.
    4 May 2014, 10:02 PM Reply Like
  • june1234
    , contributor
    Comments (3256) | Send Message
     
    Whose buying all these homes they are building. Last weeks' MBA's purchase app index was down 21% yr over yr .
    5 May 2014, 06:38 AM Reply Like
  • Civilization Type 1
    , contributor
    Comments (2753) | Send Message
     
    All-cash purchases are 33% of all home sales. And that % has been going up:
    http://usat.ly/RtyGu0
    A lot of them are international buyers.
    9 May 2014, 01:39 AM Reply Like
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