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November 22, 2007

What's happened to construction jobs

Maryland's construction sector -- which includes commercial as well as residential -- has felt the hit of the housing market change. But commercial building has remained strong enough to help keep job growth positive.

Here's a snapshot of recent trends, with data from the U.S. Department of Labor. It's an October to October chart, so the 3,600-job growth listed for 2007 is Oct. 2006 through Oct. 2007:

 

constructionjobs1.gif

 

As you can see, the most recent 12-month stretch has the least job growth since 2002 -- which, though it was the year after a recession, was actually a lousier time for employment growth across sectors in Maryland than 2001.

But it could be worse ...

It could look like Oct. 1990 to Oct. 1991, during the second-to-last recession, a particularly bad time for construction companies. Employers in the sector cut nearly 25,000 jobs in Maryland.

Hey, "it could be worse" is something to be thankful for this Thanksgiving, right? Happy turkey day, everyone.

Posted by Jamie Smith Hopkins at 7:40 AM | | Comments (1)
Categories: Number-crunching
        

Comments

Thanks for sharing this statistical analysis.

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About Jamie Smith Hopkins
Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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