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Friday, 21 October 2011
CONSTRUCTION RECESSION LINGERS AS INDUSTRY LOSES JOBS, SPENDING DROPS WHILE OVERALL ECONOMY ADDS JOBS
Construction Spending Sank to 11-Year Low in February; 1,000 Construction Jobs Lost in March, Sector's Unemployment Rate Now 20 Percent, Industry's Troubles Limiting Broader Economic Growth, Officials SayThe construction industry remains mired in recession as sector employment and spending continued to shrink even as the overall economy is showing increased strength, according to an analysis of new federal employment and construction spending data released today by the Associated General
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