Chart of the week

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The construction sector was one of the hardest hit in the Great Recession. Boston construction employment growth of over a decade was wiped out in just a few years.

Despite major job losses, future growth is on the horizon. To date, approximately 50% of the 10,000 construction jobs that were lost in this recession have been regained. This by far outperforms the US recovery rate, which remains virtually flat.

While employment figures promise growth, the construction industry still faces challenges. This is largely due to rising costs and increased user efficiency leading to lower square foot/employee ratios.

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