For Immediate Release: Thursday, February 9, 2012
Contact: Phoebe Silag or Karen Conner, firstname.lastname@example.org 202-775-8810
From Working Economics, the EPI blog:
Myths of structural unemployment: The construction dimension
by Lawrence Mishel, President EPI
After feedback from readers, I think it would be useful to provide some context for the Economic Snapshot we released yesterday, What does construction have to do with it? The snapshot showed that very little of the rise in overall unemployment between 2007 and 2011 was due to unemployed construction workers…. Unfortunately, some readers interpreted this analysis as denying either the real hardship faced by construction workers or the role of the bursting of the housing bubble on the economy. Neither was the case, so let me provide some context. CLICK HERE for full blog post.