Will the nation’s desired strong recovery depend primarily on the rise of construction?
It has not been a secret that while the U.S. recovery has had some strong months of increased employment, there have been too many months mixed in with weak job numbers and outright subpar job numbers.
In previous recoveries, the construction sector, residential or commercial, or both, have been leading indicators and led the nation out of recession. The recovery of 2011 and 2012 is the first recovery in which construction has not only not led the way, but has been an overall drag on the recovery. Many economic experts have forecast that for the U.S. economy to have strong growth, construction must have strong grow also. However, is this scenario likely?
According to the Federal Reserve’s April 11th, 2012 beige book, “…real estate activity improved in most districts, but in Cleveland and San Francisco (regions), remained relatively lacklusted.” Home prices continued to remain flat or decline in many markets.
It is clear that construction, both residential and commercial, whose boom usually leads the U.S. economy out of recession, is not at a point to do so at this time.
Small Business Loan Resources:
U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.
U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.
Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.
Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.
International Trade Administration – Creates jobs and economic growth by promotingU.S. companies abroad to governments in other countries.
More Small Business Loan resources:
Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health
U.S. Patent and Trademark Office –U.S. office to file patents to protect a companies new or existing proprietary products.
U.S. Trade and Development Agency – Promotes U.S. Exports to Foreign Countries, please review if your company is interested in exporting goods to foreign countries.
E-Network for CEOs – Online articles and much more for CEO’s
Public Radio Planet Money – All issues money related to the public.
Thank your for visiting our Small Business Loan resource page!