New Strategist Publications editor Cheryl Russell sleuthed out this data point from a Monthly Labor Review analysis from the Bureau of Labor Statistics: "Only 60 percent of the 1.7 million jobs lost in residential construction will be recovered by 2018, according to projections by the Bureau of Labor Statistics. In that year, residential-construction related employment will account for 3.8 percent of the labor force--above the 3.0 level of 2008, but well below the 5.1 percent level of 2005." Sobering. Capacity eclipses demand, at least according to this government source.
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