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Moreover, the construction industry was a major employer of graduates, with one third of the new jobs will be offered to graduates. Unfortunately, these numbers were estimated in a period of financial stability and a growing market. Now with the credit crisis threatened the construction sector is equally, if not more, than other industries.

construction covering a vast area of the labor market, including the construction of diversified services such as:Repair and maintenance of infrastructure, public and private housing and construction of factories, hospitals and schools. All these areas are threatened. Perhaps the worst hit is the housing market and house prices in ways that are pulling people out of real estate altogether.

At the beginning of July 2008 The Times Online, such as developments Barrett made a major British construction companies, with approximately 1,000 employees in one day. Abouttwo days to issue a surprising number hit 2,500 people. Besides all these job cuts the company's shares fell 97% in 2007 compared to a peak in February. Regional offices will be merged or closed entirely. Similar trends are reflected in the entire market segment.

All these factors add up to an unprecedented decline in the sector, such as mortgages more difficult to ensure the economy weakens and become universal. Not only the largest companies, asBarrett developments being hit, so mid-level companies and smaller firms. Indeed, the midrange and small organizations are much more danger of folding altogether.

Moreover, as the executive toy ball swinging cuts in the home are all the other jobs in construction. Executives and employees at the counter, "are together with manufacturers and other ground workers concerned.

Similar trends are observed and the U.S.almost every country in the world. One of the worst hit is Ireland and the situation could be a precursor of what will happen in the UK to be seen. And 'now generally accepted that recession is imminent, although the severity of the recession that is being hotly debated. Within the construction sector, the length of this recession for 1-3 years depending on what you ask, experts estimated.

As you can see the house, the loss of jobs inconstruction market would be far-reaching effects on the construction sector. Not only are there construction job cuts left, right and center in a place roots level, but these are jobs at all levels of the sector. In addition, firms are moving, or regional sales offices complete, Which MEANS job cuts even more. What is the period of rocking is believe to have started just and lasting must be at least Another year which means that there is a longWay to go yet.

At a time like this a construction recruitment specialist can really help you find better, safer opening and will recommend the best way to continue his career within the current economic situation.

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