Mar 27

Unemployment and The Long Ride

Saturday, March 27th, 2010 | posted by: Chip

Unemployment in the construction industry is considerably higher, estimated at 28%, than other sectors of the economy.   This news release from the Associated General Contractors lays out the national landscape and it is not pretty.   The local landscape is no prettier.   I have laid off 12 people in the last year.   It is never easy especially when you know the prospects for those you let go is not good.   These were good employees with families to support, mortgages and other obligations to take care of, and people genuinely proud of the work they did.   I was proud to have them as employees.

Those of us in the construction industry face a long ride to recovery.

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