Little change is expected in construction jobs, hours or wages until late this year. The current surplus of construction labor will persist into 2012 and possibly beyond.
The slim 54,000 job added across the economy is the reason why. Economic growth has been clearly subpar so far in 2011. There was a spike in economic growth in April as the economy recovered from a harsh winter. But this did not continue into May with the negative pressure on growth from higher energy and commodity
No comments:
Post a Comment