Construction Firms to Make Significantly Fewer Layoffs in 2012 as Private Sector Demand Improves, Despite Mixed Overall Industry Outlook

Mon, 01/23/2012 - 12:00

Significantly fewer construction firms are planning to make layoffs in 2012 than at any point in the past few years according to survey results released today by AGC and Computer Guidance Corporation. The survey, conducted as part of the 2012 Construction Industry Hiring and Business Outlook, shows many firms expect key private sector market segments to expand this year even as the overall outlook remains mixed. “While there are some promising signs, especially when it comes to construction employment, the outlook for the industry is mixed,” said Stephen E. Sandherr, AGC's chief executive officer. “More than four years after demand for commercial construction began to plummet, economic conditions remain difficult.” Survey Materials

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