Record US construction jobs are fueling housing market recovery hopes

Posted on AllSides May 5th, 2023
From The Center
Shannon Stapleton (Reuters)

With nearly 8 million Americans employed in construction, there’s no sign that workers who should have been most affected by the rapid slowdown in new housing projects are taking a break.

Jobs in the residential construction component of the sector peaked in January at 935,800. This has since cooled a bit but only by around 6,000 people, coming down to 929,900 in April.

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