Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Do you think in the state of Texas as a construction worker has made a come back due to the corona virus? A construction worker,

Do you think in the state of Texas as a construction worker has made a come back due to the corona virus?

A construction worker, 16 years or older, had an unemployment rate of 3.8 in December 2019 which was about average in comparison with the industry. In December 2020, the unemployment rate shot up to 13.1, one of the biggest jumps in the industry. Next to hospitality/leisure which had a rate of 16.7 unemployment, construction was the second highest overall. Being part of the construction industry, I saw the effects that the pandemic had on the industry, especially late in 2020 were jobs that were started before the pandemic ended and no other jobs were being funded or pushed back. In Texas where I live, the state unemployment average was 7.2 in December, 2020, slightly higher than the national average. Texas faired better than most states when it came to restrictions which contributed to the economy and trickled out for the employment rate. The pandemic caused restrictions, which forced business to cut jobs since people were not buying products as they should. Trade tensions with China and importing and exporting holds also added to the unemployment rates.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles A Business Perspective Financial Accounting Chapter 1-8

Authors: James Edwards, Roger Hermanson, Bill Buxton

1st Edition

1461088186, 978-1461088189

More Books

Students also viewed these Economics questions

Question

Discuss the importance of measuring environmental costs.

Answered: 1 week ago

Question

How many applicants are you interviewing?

Answered: 1 week ago

Question

4. What means will you use to achieve these values?

Answered: 1 week ago

Question

3. What values would you say are your core values?

Answered: 1 week ago