Construction employment declines in 25 states between April and May
Construction employment declined in 25 states between April and May and in 45 states between May 2009 and 2010, according to a new analysis of federal data released today by the Associated General Contractors of America. Construction employment will remain weak despite the short–term stimulus while private, state and local demand for construction remains depressed, association officials noted.
“Construction workers will continue losing jobs until demand for new housing, office, retail and local public construction improves,” said Ken Simonson, the association’s chief economist. “Although the stimulus is helping, it is very likely that construction employment has yet to hit bottom in most states,” according to a June 18 AGC of America release.