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:
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.