Landscape Architect Articles

At Long Last, Job Growth Emerges05-06-10 | News

At Long Last, Job Growth Emerges

Households don?EUR??,,????'?????<

To many, the economic recovery so far has seemed to be more talk than reality. Economists have been rolling out one positive statistic after another to suggest that the recovery process is underway, but that hasn?EUR??,,????'?????<

Unfortunately, employment is a lagging indicator, so we?EUR??,,????'?????<

The Bureau of Labor Statistics reported for March the first significant increase in monthly employment since December 2007 ?EUR??,,????'?????<

The increase was helped by the addition of 48,000 temporary workers to conduct the decennial census and by a thaw in hiring delays in February caused by unusually stormy weather. Despite March?EUR??,,????'?????<

NAHB expects job gains to continue at a modest pace, but it will take many years to recover the 8 million positions that disappeared during the recession and return to peak total employment levels last seen in late 2007. Nonetheless, the change in direction in employment is significant, especially for housing demand, which has been severely weakened by declining consumer confidence. – Courtesy of NAHB