AGC of America Reports Declining Construction Employment
Construction employment fell by 76,000 jobs last month, seasonally adjusted, according to Stephen Sandherr, CEO of the Associated General Contractors of America, in reference to employment numbers released August 7 by the Bureau of Labor Statistics. “The last 12 months have seen 1,053,000 construction workers lose their jobs, emphasizing the negative impact the current economy is having on the construction industry in particular,” said Sandherr. He added that currently, 18.2 percent of construction workers are unemployed, nearly double the 9.7 percent overall unemployment rate, or 9.4 percent seasonally adjusted.
“While it is clear that the stimulus has helped prevent even greater job losses,” Sandherr continued, “it is apparent that the construction industry is suffering from low demand for commercial facilities, dwindling orders for new office buildings, declining state and local revenue, and the current economic conditions as a whole, including tight credit markets.
“While it is clear that the stimulus has helped prevent even greater job losses,” Sandherr continued, “it is apparent that the construction industry is suffering from low demand for commercial facilities, dwindling orders for new office buildings, declining state and local revenue, and the current economic conditions as a whole, including tight credit markets.
“While it is clear that the stimulus has helped prevent even greater job losses,” Sandherr continued, “it is apparent that the construction industry is suffering from low demand for commercial facilities, dwindling orders for new office buildings, declining state and local revenue, and the current economic conditions as a whole, including tight credit markets.
“While it is clear that the stimulus has helped prevent even greater job losses,” Sandherr continued, “it is apparent that the construction industry is suffering from low demand for commercial facilities, dwindling orders for new office buildings, declining state and local revenue, and the current economic conditions as a whole, including tight credit markets.
“While it is clear that the stimulus has helped prevent even greater job losses,” Sandherr continued, “it is apparent that the construction industry is suffering from low demand for commercial facilities, dwindling orders for new office buildings, declining state and local revenue, and the current economic conditions as a whole, including tight credit markets.
“While it is clear that the stimulus has helped prevent even greater job losses,” Sandherr continued, “it is apparent that the construction industry is suffering from low demand for commercial facilities, dwindling orders for new office buildings, declining state and local revenue, and the current economic conditions as a whole, including tight credit markets.
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