Jobs grow in construction

Residential construction in 2011 is likely to be positive for the first year since 2005.

June 08, 2011
housing market, construction, construction growth, job market, job growth

Residential construction in 2011 is likely to be positive for the first year since 2005.

Although payroll job growth slowed sharply in May, with only 54,000 net jobs added, job growth this year is well ahead of 2010. The good news: one of the reasons for the improvement this year is the construction sector, according to Calculated Risk.

For the first time since 2005, residential construction employment is likely to be positive in 2011. Residential investment also will probably make a positive contribution to GDP growth for the first time since 2005 - mostly because of an increase in multi-family construction and home improvement.

For more information: www.calculatedriskblog.com/2011/06/comparing-payroll-job-growth-in-2011-to.html

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