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March job creation bodes well for housing inventory crisis

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housing inventoryConstruction adds 37,000 jobs

By Brenna Swanson | HousingWire

March job numbers brought welcome news as more jobs were added to the construction market, which bodes well for the current lack of inventory in the market.

Job creation increased by 215,000 in March, while the unemployment rate remained stagnant at 5%, the U.S. Bureau of Labor Statistics reported Friday.

This rise is down from February’s increase of 242,000 workers.

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