Category: Employment

4.65% Of All Bakersfield Jobs Are in the Construction Industry, Below U.S. Average

The Great Recession left a lasting impact on the American economy, especially in the housing market. The subprime mortgage crisis, which ravaged the housing industry from 2007 to 2010, resulted in the widespread devaluation of residential homes and discouraged builders from investing in new housing construction. As a consequence, the number of new housing construction starts plummeted, and the repercussions of the recession continue to be felt in the construction industry to this day.

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