The construction industry added 33,000 jobs in February even as the industry’s unemployment rate was 21.8 percent, more than twice the national average, according to an analysis of new federal employment data released Friday by the Associated General Contractors of America.
Construction spending slumped 0.7 percent from $798 billion in December to $792 billion in January, the second-lowest seasonally adjusted annual rate since July 2000, the Associated General Contractors of America noted today in an analysis of new Census Bureau data.
AGC's chief economist Ken Simonson appeared on Bloomberg Television to discuss how demand for apartments, and new apartment construction, appears to be rising.
In response to President Obama's proposed 2012 federal budget and the House Republican's proposed 2011 continuing resolution, AGC noted on Monday that there is potential to help businesses, but that cuts in water and other infrastructure will cost Americans more later.
The construction unemployment rate jumped to 22.5 percent in January 2011 as the sector lost another 32,000 jobs since December 2010, according to an analysis of new federal employment data released by AGC.
Construction spending tumbled 2.5 percent in December to a $788 billion seasonally adjusted annual rate, the lowest level in a decade, AGC noted Tuesday in an analysis of new Census Bureau data.
Construction employment declined in 232 out of 337 metropolitan areas between December 2009 and December 2010, according to a new analysis of federal employment data released by AGC.
AGC's Denise Gold talked to Engineering News-Record about President Obama's two new nominations to the National Labor Relations Board.
Engineering News-Record announced AGC's general counsel Mike Kennedy was selected as one of its top 25 Newsmakers for 2010.
The Washington Post quotes AGC's chief economist, Ken Simonson, as he warns that construction jobs are at risk once stimulus funding runs its course.