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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