Relevant:
- Fla. construction employment falls in May
- Illinois Construction Workers Make $50-68 Hour, Strike for 15% more
- Wells Fargo CEO sees job cuts after Wachovia deal
- Home Prices in U.S. Decrease More Than Forecast
- Jobs Decrease by 131,000, Rise by 12,000 Excluding Census; Unemployment Steady at 9.5%; June Revised from -125,000 to -221,000
2009-12-03 — bloomberg.com
" “The old jobs are not going to be in the old locations anymore,” Silvia, chief economist at Wells Fargo Securities LLC in Charlotte, North Carolina, said yesterday in a Bloomberg Radio interview. He said many dismissed construction, retail and manufacturing workers “are not going to get those jobs back” because of globalization and lower consumer spending. "
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