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Job Growth Slows in December

According to a jobs report by the US Economy, 148,000 jobs were added in the month of December, with a stagnant unemployment rate of 4.1 percent. Average hourly wages inched to a nine cent increase, to 26.63. 

Lawrence Yun, chief economist at realtor.com, implied that the while the addition of jobs is hopeful, the pace of addition is slow compared to recent years. 

Demand for building homes has increased steadily and experts at realtor.com see the growth of demand for construction jobs to be a harbinger for growth in the future.

Demand for construction jobs is one of the largest discrepancies in the real estate market, according to RISMedia, and if the United States is able to respond and provide skilled construction workers or allow for work visas for more skilled workers to immigrate to the United States, it could benefit the real estate market greatly by responding to recent demand for housing.

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