The chart shows workers in Construction of Buildings Trades, i. e. the folks who build buildings. The latest Bureau of Labor Statistics (BLS) survery estimated that this industry employed about 1.2 million workers. This is the lowest number to date in 2012, the lowest since May 2011, and nearly at the lowest number of these workers for the last decade.
This data does not comport well with the National Association of Realtors (NAR) pollyanish, disingenuous ballyhooing and self-promotional brochures touting non-existent improvement. NAR also touts Housing Starts data which capture if and when a shovel has met the earth, not the most reliable of indicators. Looking soberly at the actual demand that exists for building construction workers and the prospects for new job creation for this critical component of the economy creates, the oulook is not only dismal, but fairly can be said to really really suck, based on the above chart.
Perhaps we should take seriously David Axelrod's pitiful bleating and whining is true, namely that businesses are deliberately holding back on hiring in order to help defeat Obama. Or in other words, the business opportunities to expand and grow, according to Axelrod, are deliberately being passed on by businessmen and women who are more interested in defeating Obama than in making money. Really? Or maybe Obama's anti-business, scialistic, spread the wealth, profligate speinding policies are what has made for an L shaped recovery, where the bottom branch of the L appears not to be ending any time soon.
No comments:
Post a Comment