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Construction employment drops in May as 35,000 workers lose jobs

Post Time:Jun 04,2010Classify:Industry NewsView:117

Construction employment declined in May as 35,000 workers lost jobs, offsetting most of the increases the industry experienced in March and April, according to a new analysis of federal employment figures by the Associated General Contractors of America. The figures show how fragile the sector is despite recent increases in stimulus funding activity, association officials noted.

“Growing stimulus activity was clearly offset by weak private sector demand and diminished state and local construction budgets last month,” said Ken Simonson, the association’s chief economist. “Unfortunately, construction employment is likely to remain both relatively low and unstable until at least early 2011,” according to a June 4 AGCof America release.

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Source: http://www.glassmagazine.com/news-item/commercial/construction-employment-drops-may-35000-workers-lose-jobs123Author:

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