LoanSafe.org
BY ALEX FERRERAS ON JANUARY 19, 2012
IN HOME LOAN NEWS, REAL ESTATE
(Source AGC) - Five years after states first started shedding construction jobs, construction employment remains below peak levels in all fifty states and the District of Columbia according to a new analysis released today by the Associated General Contractors of America. Given the continued weakness in construction employment, the association is launching a new effort to encourage Congress to pass years-late legislation to fund highway, bridge and transit construction work.
“The construction industry remains a shell of its former self in too many states,” said the association’s chief executive officer, Stephen E. Sandherr. “Making long-overdue investments in our nation’s aging roads, bridges and transit systems will put people back to work and give a needed boost to the broader economy.”
Sandherr noted that construction employment in Nevada has declined more compared to that state’s peak employment levels than in any other state. Construction employment in the state declined 61 percent since its peak level in June 2006, from 146,400 employees to just 57,500 as of November 2011. Other states experiencing large declines in construction employment compared to peak levels include Arizona (55 percent below peak); Florida (52 percent below peak) and Idaho (43 percent below peak)... FULL ARTICLE
Posted on
Thu, January 19, 2012
by John Cox