Online Community

ASA Central

A dynamic online community for ASA members to exchange ideas and best practices, and connect with industry peers in their sector. Visit the site ›
Find Goods & Services

ASA Marketplace

This powerful online resource enables staffing companies to find and access industry supplier information, products and services. Visit the site ›
Daily Publication

Staffing Today Newsletter

Your #1 daily source for news about the workforce industry. With versions available to members and nonmembers. Visit the site ›
Health Care Reform

Affordable Care Act Resources for Staffing

Up-to-date news, resources, interactive tools, and more—all focused on helping ASA members comply with the ACA. Visit the site ›
Advertisers & Exhibitors

Staffing Industry Suppliers

ASA has numerous and diverse marketing opportunities available to help you reach the rapidly growing staffing industry. Visit the site ›
Exclusive Products

ASA Store

From certification packages and study guides to marketing tools and data reports, ASA resources add value to your business. Visit the site ›

Fed Economists Disagree Over Construction Jobs’ Lesson on Economy

Washington Post (04/06/12) Peter Whoriskey

The housing market collapse left 1.4 million construction workers without jobs, pushing the unemployment rate in the construction industry above 17%. However, U.S. Federal Reserve economists disagree as to whether unemployed construction workers are worse off than others who lost their jobs during the economic downturn. Two economists at the Federal Reserve Bank of New York, Richard Crump and Aysegul Sahin, do not believe construction workers are “experiencing relatively worse labor market outcomes,” contrary to the opinion of two economists at the Federal Reserve Bank of Atlanta, Pedro Silos and Lei Fang.

The construction industry is the focus of a debate about how to handle unemployment, with one side insisting economic shifts have resulted in a mismatch between the skills possessed by workers and the skills needed by the economy. This means there are too many people right now with construction skills who are unprepared to enter other professions, and stimulating the economy with monetary policy or government spending will not improve the situation. This viewpoint is in contrast to those who believe the economy needs to be stimulated through government policy to reduce unemployment rates and that following every recession, the economy and workers make adjustments. These economists believe that unemployment in the construction industry, for instance, would decline if more money was spent on infrastructure projects.