Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
Construction Employment has first uptick since June 2007
Construction employment has been declining ever since the house price bubble burst in 2006. The following graph shows the US Construction Employment statistics (on a seasonally-adjusted basis) from Friday's employment report:
But the new construction jobs are not in private home building. In April, the number of employees involved in residential construction actually declined from 586,800 in March to 582,800 in April (seasonally adjusted). A friend of mine who is working in construction says that most of the new jobs are in the educational and medical sectors. He just finished building a new dorm for the University of Pittsburgh at Bradford.
Real Estate Taxation
Journal of Economic Literature:
Atlantic Economic Journal: