Archive for the ‘recession’ Category

Healthcare and Infotech will Replace Construction Industry Tuesday, March 2nd, 2010

“Is it okay to pray for a hurricane,” asks a real estate person at a steakhouse’s bar. Hurricanes destroy people’s lives but brings business to the construction sector. Down in the dumps with the steep decline in real estate sales, people in the construction industry are wondering in such strange ways.

The discussion at the bar reveals the career moves people in the industry are exploring. One person with years as a property appraiser is now studying to become a nurse. Three colleagues of a mortgage broker were also looking at nursing.

According to reports, there are about 40 percent less construction jobs in Florida now. Real estate agents and brokers have suffered much less with about 8 percent less jobs. Pays for those still hanging on are a fraction of what they used to be.

Read about the impact of economic recession in Florida and the experiences of construction workers at Tampa Bay Online.