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November 6, 2012

Post-Sandy construction hiring may aid economy

  • Some construction firms could face a shortage of skilled workers they need for rebuilding because many workers left the industry after the housing meltdown.
    • By ALEX VEIGA
    AP Business Writers

    Hiring in the long-depressed U.S. construction industry will get a boost from the rebuilding that will follow Superstorm Sandy. Those jobs, in turn, could raise economic growth, analysts say.

    The modest lift to the economy is expected to come in the first months of 2013. Construction firms, contractors and local governments will hire to rebuild or renovate homes, buildings, roads and bridges that were damaged or destroyed.


     
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