The Heyday is over for Construction Employment
Abstract:
Construction employment (+7.7%) in Canada has had its heyday and is set for declines ahead on a year-over-year basis. Slowing growth in the economy will cut into residential construction to a considerable degree and non-residential to a lesser degree. Residential work (both new and renovation) accounts for about forty percent of all construction. Manufacturing employment, which has held up with remarkable tenacity so far, is probably also headed for more trouble.
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Construction employment (+7.7%) in Canada has had its heyday and is set for declines ahead on a year-over-year basis. Slowing growth in the economy will cut into residential construction to a considerable degree and non-residential to a lesser degree. Residential work (both new and renovation) accounts for about forty percent of all construction. Manufacturing employment, which has held up with remarkable tenacity so far, is probably also headed for more trouble.