Metrostudy’s Five-Year Forecast Projects Cyclical Pattern of Overvaluation and Undersupply

Despite the Bureau of Labor Statistics’ latest employment report marking job creation at the lowest level seen in five years, Metrostudy Senior Vice President Mark Boud anticipates that employment figures will be upwardly-revised next month to reflect continued growth. Over the past 12 months, Educational and Health Services, Professional and Business Services, and Construction have seen the largest gains in employment, and Boud expects rapid growth in the construction industry to continue. Compared to the second quarter of 2015, Natural Resources and Mining, and Manufacturing were the only sectors to see job losses, due to the impact of low oil prices…read more