Housing downturn could cost 250,000 jobs July 12, 2008Posted by Al in : people,politics , trackback
It’s been obvious for a while that the housing market is in a bad way, and it’s equally obvious that such a downturn will mean less jobs for tradespeople associated with the building trade. I can see that where I live as there are a lot of brickies, scaffolders, chippies and sparkies in my neighbourhood, and they’re all reporting a huge drop in the amount of work available. These guys are the contractors who wouldn’t be included in the headline figures given by building companies as they are not directly employed by them – so if a building firm announces it is cutting 500 jobs then another 1,000 tradesmen have probably lost another chunk of their living beforehand. Things are looking grim at the moment.