USD in the News
|Title||Cruel Irony in Millions of Open Jobs|
|News Organization||U-T San Diego|
U-T San Diego -- Much of San Diego’s skilled construction labor base left town — and they are slow to come back, says University of San Diego economist Alan Gin.
“Construction workers don’t want to locate here because there was little work, but the fact that there’s no workers here could affect the number of projects the developers put out,” Gin said.
He predicts that workers will return at some point. Building permits have rebounded from Great Recession lows, rising 46 percent in 2013.
Gin’s analysis of employment and permit trends suggests that it takes two years before an increase in permits translates into strong hiring activity.
“If you build that lag into consideration, what we would expect is a boom in the next couple of years in terms of construction employment,” he said. (Full Story)