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And more job losses are likely on the way.
The number, coming before the coronavirus outbreak intensified, crushed expectations.
Home Depot posted better-than-expected earnings and revenue for the fourth quarter.
“The labor shortage continues to be the number one issue for homebuilders,” one economist said.
The Bureau of Labor Statistics would categorize Rocio’s job most broadly as “natural resources, construction and maintenance occupations.” One in 10 workers work jobs in that category.
The story of how a small band of inventors and engineers built a machine that could lay bricks. It’s way harder than it sounds.
As more and more people want the amenities of urban living, there’s nowhere to build but up.
The Labor Department’s October jobs report is expected to show a sharp slowing in job creation in a still-tight labor market.
But they’re up compared to a year ago.
Construction spending fell more than a percentage point in June, the second drop in two months.