Labor Day will be a mixed blessing in U.S. construction this year. Many workers will enjoy the day off, with employment secured by the American Recovery and Reinvestment Act. But others will see the holiday as a reminder of a frustrating job search and economic worry in a battered industry market that billions in federal stimulus may not be able to save. Slide Show Pike Industries Inc. paving crew working on a New Hampshire ARRA-funded highway job; the state mobilized quickly to get projects ready. President Barack Obama’s massive $787-billion stimulus package set an ambitious goal when enacted earlier this
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.