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Only four out of 337 cities added construction jobs in 2009

Post Time:Feb 01,2010Classify:Industry NewsView:111

Construction employment grew in only four out of 337 metropolitan areas in 2009 as spending on construction projects dropped by $100 billion in December to a six-year low of $903 billion, according to a new analysis by the Associated General Contractors of America of federal figures released today.

"The impact of the stimulus is clearly being overshadowed by the sweeping downturn in overall construction demand," said Ken Simonson, the association's chief economist. "Without those public investments however, a bad employment situation will only get worse during 2010."

Simonson noted new Census Bureau figures released today show that private non-residential spending dropped 18 percent compared to December 2008. He added that only power construction increased from year-ago levels, by 14 percent. Developer-financed categories recorded especially large declines, including lodging (down 46 percent); retail, warehouse and farm (down 37 percent); and office (down 35 percent), according to a Feb. 1 AGC of America release.

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Source: http://www.glassmagazine.com/news-item/commercial/only-four-out-337-cities-added-construction-jobs-2009Author:

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