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YouTube: Union Carpenters Waiting For Work, Construction Jobs in Mass. at 10-YeaThis forum post is dated 07/28/10. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it. Massachusetts - Employment Firms
| YouTube: Union Carpenters Waiting For Work, Construction Jobs in Mass. at 10-Yea Construction jobs in Mass. at 10-year low Deep decline has many vying for same spots By Casey Ross, Globe Staff | March 16, 2009 Job losses are accelerating in every corner of the construction industry in Massachusetts, leaving thousands of people in a race to find work as the sharp economic downturn halts work on new homes, office towers, and retail stores. Employment among construction workers is down by 23000 jobs statewide, a reduction of 16 percent, reflecting a rush in layoffs as work has stopped on building projects across the state. As their prospects worsen, legions of carpenters, ironworkers, and electricians are being forced to compete for a dwindling pool of jobs. In the last three months, the number of construction jobs has dropped by more than 10000 positions statewide, or nearly equal to job losses at financial firms in the past year, according to state employment data. Overall employment in the industry stands at 120400 jobs, the lowest level in a decade. The sharp downturn has ended a prolonged building boom that was fueled by easy credit and a strong housing market. Now, constraints on lending are preventing developers from getting money to start work. In January, one building permit was issued in Massachusetts for a residential complex with five or more units, according government housing data. Homeowners are also feeling the pinch, delaying renovations and other odd jobs that have helped sustain construction workers during previous downturns. "Building <b>...</b> |
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