As the country begins to recover from the economic downturn, there are signs that the once depressed housing market is starting to create more construction jobs.
It feels very much like we’ve hit a bottom and we’re starting to come off of that bottom, Stuart Miller, chief executive officer of homebuilder Lennar told analysts in June, CNN Money reports.
According to the Bureau of Labor Statistics, while the unemployment rate for construction workers remains higher than the national average, the sector did add 5,800 new workers in July, which is approximately the same number of jobs that were added during the height of the real estate boom of 2005 and 2006.
Meanwhile, there are more encouraging signs across the nation that workers with skilled trade experience on their resumes will be able to find work.
In East Texas, for example, the growing economy is creating jobs in the transportation, health care and manufacturing sectors.
Tom Mullins, Tyler Economic Development president and chief executive officer, told KLTV News that the region will see a significant impact when Scotts Miracle-Gro moves into Smith County.
They also are going to need truck drivers and other vendors that are going to supply them. Plus, they’ll be buying mulch and discarded biomass from sawmills and logging operations all over East Texas, he noted.
The recovering auto industry is also expected to continue to add thousands of new manufacturing jobs to Michigan, Tennessee and Kentucky. The Associated Press reports that Japan-based Toyota is predicting the company will add more jobs and build more models across the U.S. to hedge against a strong yen.
The hedge against currency is to build cars where you sell them, Toyota Motor Sales U.S.A. President Jim Lentz told the news source.