Warren Buffett famously declared that the slumping US economy would have trouble rebounding until housing stabilized and we started seeing new construction jobs. Well, there’s been plenty of good news on the housing front, and now we’re seeing good news on construction jobs in the latest jobs report.

After five years of hemorrhaging jobs, the construction industry has become one of the bright spots of the labor market — a hopeful sign that one of the most damaged sectors of the economy may finally be starting to heal.

Overall, the government’s monthly jobs report, released Friday, showed continued modest growth in December. The economy added 155,000 jobs, on par with the monthly average for both 2012 and 2011. The unemployment rate remained at 7.8 percent.

But a closer look reveals that nearly one-fifth of the jobs created were in construction, marking only the third time since the recession ended in June 2009 that the industry has added 30,000 workers or more. The surge capped one of the largest three-month gains the sector has seen since the recession began in December 2007.

The return of construction jobs is an especially critical component of the economic recovery. That’s partly because of the sheer number of jobs lost — more than 2 million since 2007 — but also because of fears that many of those workers’ skills may not translate to other industries, rendering them permanently unemployable.

This should help to turbocharge the overall job market. If you’ve given up looking for work, not is the time to get back at it.

Here’s another area where plenty of jobs are open:

Attention out-of-work Americans: Want to be a trucker?

A worsening shortage of truck drivers is pushing up freight rates and delaying some deliveries, defying the weak economy, high unemployment and falling gasoline prices.

“It’s getting harder to get drivers,” says Mike Card, president of Combined Transport of Central Point, Ore., and incoming chairman of the American Trucking Associations. “I could hire 50 guys right now.” He now employs 393 drivers.
Many Baby Boomers are retiring and fewer young people are interested in long-haul-trucking careers that often require drivers to be away from home for weeks at a time, says Ben Cubitt, senior vice president of Transplace, which manages freight delivery for businesses.

Despite the 8.2% national jobless rate, many unemployed construction and factory workers can’t afford the $4,000 to $6,000 cost of a six-week driver-training course, says Rosalyn Wilson, senior business analyst of consulting firm Delcan.

The training costs are certainly an issue, but this can be a an excellent option for plenty of people looking for work. Do your research and see if this might apply to you.

The unemployment rate ticked back up to 8.2% as the economy added far fewer jobs than expected in May. The crisis is Europe certainly isn’t helping as companies are becoming cautious again.

Don’t let this discourage you in your job search, as the numbers are still positive. At least we aren’t losing hundreds of thousands of jobs like we did at the end of 2008 and into 2009.

Slowly but surely, we’re starting to see a rebound in the US economy. Manufacturing is picking up, consumers are spending more and companies are starting to hire. The unemployment rate has now dropped to 8.5% after the economy added 200,000 jobs in December.

The jobs report builds on a several new indicators pointing toward an economy on the upswing.

The government reported Thursday that claims for unemployment benefits declined in the final week of December, moving the average over the past four weeks to its lowest level in more than three years.

The Institute for Supply Management reported this week that its employment index for December was 55.1, the highest reading since June. A reading above 50 means that more companies are creating jobs than cutting them.

The nation’s factories have added more than 300,000 jobs since the beginning of 2010 — about 13 percent of what was lost during the recession — marking the first sustained increase in manufacturing employment since 1997, according to the Bureau of Labor Statistics.

Auto sales in December were up, continuing their substantial improvement from the summer. And for all of 2011, vehicle sales rose 10 percent.

The auto numbers are critical. For example, Chrysler sales keep increasing and the company is adding jobs.

The economy has added jobs for 15 consecutive months so there is reason for continued optimism.

If you’ve been out of work and have given up, go back and start looking again.

Are we finally seeing light at the end of the tunnel?

Last month the unemployment rate dipped to 8.6%, and now we continue to see better numbers as it relates to weekly jobless claims.

The number of U.S. workers filing new applications for unemployment benefits fell to the lowest level in three-and-a-half years last week, the latest indication that a weak labor market is improving.

Initial jobless claims fell by 19,000 to a seasonally adjusted 366,000 in the week ended Dec. 10, the Labor Department said Thursday. Economists surveyed by Dow Jones Newswires had forecast claims would climb by 9,000 to 390,000.

“This is unexpectedly great news,” said Ian Shepherdson, chief U.S. economist at High Frequency Economics. “If claims can remain at this level, payroll growth will strengthen markedly within a month or so.”

For the week ended Dec. 3, claims were revised up slightly to 385,000 from an originally reported 381,000. Still, new claims have fallen by 19,000 two weeks in a row.

The four-week moving average of new jobless claims, closely watched by economists because it smooths out volatile weekly data, dropped last week by 6,500 to 387,750. That is the lowest level since July 2008.

The four-week average has remained below 400,000 for five consecutive weeks, one sign the economy is adding more jobs than it is shedding.

If you’ve been looking for a job but have become discouraged, now is the time to get back out there and redouble your efforts. The economy has some momentum, and economic optimism is returning. Right now Europe seems like the most important headwind for economic growth, but conditions here at home are getting better. Car sales are improving and that is one of the factors driving economic activity.