Friday, June 24, 2011
Construction News Headlines for June 24, 2011
Construction Jobs that Ended Great Depression No Longer Exist
Infrastructure projects create jobs. But the number of jobs created or saved by $25 billion in Recovery Act spending on roads was a mere 150,000 over a two-year period. That isn’t a trivial number, but it’s hardly a game changer for an economy that needs to create five million jobs each year just to keep the unemployment rate constant. (More at ForConstructionPros.com . . . )
Federal Reserve Cuts its US Economic Growth
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