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October demonstrates the third stage of job losses in the U.S.The 190,000 jobs lost in the U.S. in October was the second lowest number of declines since August 2008. After the latest revision, August 2009 was lower at -154,000. U.S. total job losses since January 2008 now amount to 7.3 million. The level of total employment is back to where it was in March 2004. The unemployment rate has shifted above the dreaded 10% level to settle at 10.2% for the moment, with the prospect of moving still higher over the next couple of months. Broadly speaking, firms undertake three waves of job reductions from the beginning to the end of a recession due to: 1) initial panic; 2) trying to “hang on for dear life”; and 3) … New Products, Specs & BIM Objects in SmartBuilding Index
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US Construction Projects| Commercial Projects (total value) | |
| Pre-Bid Phase: | $1,036,386,619,070 |
| Bid Phase: | $17,131,977,382 |
| Post-Bid Phase: | $1,674,683,182,502 |
| Civil Projects (total value) | |
| Pre-Bid Phase: | $132,998,540,065 |
| Bid Phase: | $12,141,026,867 |
| Post-Bid Phase: | $484,566,656,070 |
Canadian Construction Projects
| Commercial Projects (total value) | |
| Pre-Bid Phase: | $475,370,185,504 |
| Tender Phase: | $5,704,856,809 |
| Post-Bid Phase: | $39,830,217,277 |
| Civil Projects (total value) | |
| Pre-Bid Phase: | $142,461,310,191 |
| Tender Phase: | $282,904,000 |
| Post-Bid Phase: | $43,936,226,426 |
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