CNBC Guest Blog
- Yoshikami: Four Things You Need to Know About Gold Now
- Steinbock: The Euro Zone Endgame Begins
- Laouchez: Leadership in Financial Services — Missing in Action?
- Kuntz: Finding Opportunity in Emerging Markets
- Busch: How to Trade the Euro on an Outside Reversal
- Dunkelberg: The Real Banking Crisis - They're Too Big to Manage
- Greek Exit a Worse Mistake Than Adoption of Euro
- Tamminen: Waste Not, Want Not
- Morici: The Eclipse of American Banking
- Will This Decade Be More Grim Than the 1930s?
MOST SHARED
- India's Tumbling Rupee Triggers Convertible Bond Turmoil
- Marubeni Nears $5 Billion-Plus Gavilon Deal
- Greece to Leave Euro Zone on June 18: Wealth Manager
- Olympus Expected to Settle With Former CEO Woodford
- Greece Pours $22.6 Billion Into Four Biggest Banks
- Asian Stocks Decline on Spanish Debt Woes
- Spain's Borrowing Costs Near Danger Level: Bailout Next?
- Draft EU Report Attacks Italy on Economy
- Facebook IPO Fiasco: 10 Things Underwriters Got Wrong
- European Firms Plan for Greek Unrest and Euro Exit
- A New Look at the ‘New Poor’
- Six Pack: Beer Buzz of the Week
- Greek Exit Could Trigger 50% Fall in Euro Stocks: Analyst
- Under Pressure, FHA Skews to Wealthier Home Buyers
- Big Stock Upside for Hudson City Deal: Analyst
- 5 High-Yield Stocks Ready to Boost Dividends
- Yoshikami: Four Things You Need to Know About Gold Now
- Steinbock: The Euro Zone Endgame Begins
- Option Bulls Take Another Shot on Idenix
- Spain's Debt Costs Near Danger Level: Is Bailout Next?
- US Markets Will Be Watching Europe—And Jobs Report
- India's Tumbling Rupee Roils Convertible Bond Market
- European Companies Plan for Greek Unrest and Euro Exit
- Japan's Marubeni Nears $5 Billion-Plus Gavilon Deal
- Public Pensions Faulted for Bets on Rosy Returns
- Greece to Leave Euro Zone on June 18: Wealth Manager
- Italy 2-Year Borrowing Costs at Peak Since December
- Euro Bond Wins Supporters, but Details Remain Vague
RSS FEED
Crescenzi: Why Construction Jobs Will Stabilize
Text Size 
In recent months, comparisons between the number of homes completed and those started suggested that construction employment was set to cease to become the major drag that it has been on employment, with roughly 80,000 jobs per month lost in the sector over the past two years.
In March, construction employment increased 15k workers, the first monthly increase since June 2007. Continued stability is in the offing that will contribute to payroll statistics that continue the romance with an old-normal styled recovery and likely lead risk assets to out-perform for a while.
The premise behind the stabilization concept is simple: in the construction sector’s downtrodden period of the past 2 ½ years, housing completions substantially exceeded starts, leading to over 2.2 million job losses from the peak in construction at 7.725 million in August 2006.
These losses will substantially shrink or end because completions have finally moved closer to starts, meaning that as home projects end, a smaller and smaller number of construction workers will have difficulty rolling into new projects compared to the past 2 ½ years when the number of projects that were ending substantially exceeded the number of projects that were beginning.
Put another way, the number of construction workers currently employed is now roughly aligned with the number of housing starts.
Click here for latest economic coverage ...
__________
 |
Data is a real-time snapshot *Data is delayed at least 15 minutes
