it's pretty rare that a single chart can show so much about the current state of the industry, but this one, from Macro Monitor, does a great job.
the upshot? 2.27M construction payroll jobs lost between '06 and '11. only 60k net new jobs since feb. 2011.
only 60k. out of 2.2M.
the only reason the unemployment rate for architects (and the construction industry in general) is falling, as grieg o'brien and others have noted, is that so many people have simply left the industry for good or have simply given up hope of finding work. it's not that the jobs have come back.
of course, none of these numbers talk - at all - about how many people who are self-employed (and can't be laid off in pure unemployment terms) simply don't have enough work to keep their income sustained at previously levels. or how many graduates simply are unable to find work (or documented, payroll level jobs).
i don't know how many times we'll have to keep saying this: fix the construction industry and you've fixed the economy. it's really that simple...
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