Federal reserve chairman ben bernanke, during testimony to Congress earlier in the year, said, "It's normal for housing and construction to be an important part of the recovery." In that case, we're in for a long economic winter.Between December 2007 and February 2010, the economy shed some 2 million construction jobs-22 percent of total jobs lost, according to a report by the Motley Fool. Another 1.6 million jobs followed as a knock-on effect of curtailed spending by those workers who had lost their jobs. That adds up to 40 percent of all jobs lost.
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