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Daily Archives: February 6, 2010

Recession's Impact on Construction Industry

TIME: The Great Recession: Will Construction Workers Survive? By Kevin O’Leary: “The middle and working-classes have been hammered by the Great Recession and no industry has taken it more on the chin than construction. Nationally, unemployment fell to 9.7% in January, but in construction it jumped to 24.7% from 18.7% in October. In many regions, union officials report 30% of their members are unemployed or “riding the bench.” “In the previous 14 years, I had not been out of work for more than one week,” says Pat O’Connor, 57, a Connecticut carpenter. With no work since July, O’Connor says, “It is a bad dream turning into a nightmare. Is construction dead? It’s just horrible right now.”

  • Via Calculated Risk, this graph shows construction employment (total) and as a percent of non-farm payroll employment.
  • Related postings on financial system
  • Transportation Research Board: Railroad-DOT Institutional Mitigation Strategies

    “TRB’s second Strategic Highway Research Program (SHRP 2) has released a project brief that summarizes SHRP 2 Renewal project R16, which explored strategies, arrangements, techniques, and processes designed to help facilitate beneficial relationships between railroads and public agencies. The final report of the project includes eight model agreements that can be modified to meet the… Continue Reading

    New GAO Reports: Highway ResearchTARP, Biomonitoring

    Highway Research: The Second Strategic Highway Research Program Addresses the Four Required Areas, but Some Anticipated Research Was Not Funded, GAO-10-248, February 05, 2010 Troubled Asset Relief Program: Treasury Needs to Strengthen Its Decision-Making Process on the Term Asset-Backed Securities Loan Facility, GAO-10-25, February 05, 2010: “Treasury should (1) give increased attention to reviewing risks… Continue Reading

    NOAA Administrator Takes Action on IG Report on Fisheries Enforcement

    News release: “NOAA Administrator Jane Lubchenco instructed the agency’s head attorney and its top fisheries manager to take immediate and long-term actions to improve the agency’s enforcement and legal operations and enhance its relationship with the fishing community. In a memo issued today, Dr. Lubchenco directed NOAA General Counsel Lois Schiffer, and NOAA Acting Assistant… Continue Reading