Originally published on Fri January 6, 2012 9:05 am
Of all the good news in the December unemployment report, perhaps the most encouraging sign for the 2012 labor market was the increase in construction jobs. That sector has lost more than 2 million jobs as the housing market imploded 5 years ago, but increases in construction hiring and spending could be cautious signs of a turnaround, analysts say.
Overall, employers created 200,000 jobs last month, sending the U.S. unemployment rate down to 8.5 percent, the Labor Department said Friday.
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