Construction Employment Up, But Is The Recovery Here?

According to AGC's Chief Economist Ken Simonson, construction employment rose for the second straight month, up .2 percent, or 14,000 jobs.  Total construction employment in April was down nine percent for the same month last year, and April construction unemployment was also up to 21.8 percent, the highest April level since 1976.  Reed Construction Data predicts that the market will expand, however it will be at least another year before the positive effects are felt.  Commercial construction should prepare for starts to have little to no decline over 2010, but should prepare for expanding bid opportunities. For more from Ken Simonson's Data DIGest, please click here. For Reed Construction Data's recovery predictions, please click here.