The construction industry added 48,000 jobs in February, the ninth consecutive month of job growth for the sector, as more people are working in construction than at any point in the last three and a half years, according to an analysis of new government data by the Associated General Contractors of America. Association officials cautioned, however, that employment gains remain tenuous and could be undermined if Washington officials fail to reach a deal on federal investment levels later this month. “With construction employment increasing by the largest amount for a single month in nearly six years, the steady improvement in … Read more
Construction Employment, Spending Hit Three-Year High
Revised government data issued shows the construction industry is contributing substantially to economic and employment growth, according to an analysis by the Associated General Contractors of America. Association officials noted that construction employment rose for the eighth consecutive month in January, while construction spending in December increased for the ninth month in a row. Both totals were the highest levels in more than three years. “The new employment data shows the industry lost even more jobs in the recession than previously estimated but has added almost 300,000 jobs in the past two years, including nearly 100,000 since September,” said Ken … Read more
AGC Construction Employment December Update
Construction employment increased in 139 out of 337 metropolitan areas between December 2011 and December 2012, declined in 131 and was stagnant in 65, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that growing private sector demand for new construction projects boosted employment in a slight plurality of metro areas. “Private sector demand for energy, health care, higher education and residential construction is having a positive impact in a growing number of metro areas,” said Ken Simonson, the association's chief economist. “Unfortunately, construction employment in almost as … Read more
Construction Employment, Optimism Grows
Construction employment expanded in two-thirds of all states in December and in half the nation last year as the industry showed signs of emerging from a six-year slump, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials noted that contractors responding to a recent survey expect to add more workers in 2013. “These results show that contractors are finding work in more parts of the country than they have for many months,” said Ken Simonson, the association's chief economist. “Further gains appear likely but could be derailed if lawmakers do not keep … Read more
Construction Employment Declines, New York Areas Suffer Losses from Sandy
Construction employment declined in 151 out of 337 metropolitan areas between November 2011 and November 2012, increased in 126 and was stagnant in 60, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that metro areas in New York and New Jersey in particular experienced significant construction declines in the first full month after Hurricane Sandy. “The uncertainty about 2013 federal tax and spending rates likely prompted firms in many parts of the country to hold back on hiring,” said Ken Simonson, the association's chief economist. “Construction workers … Read more