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Federal stimulus plan provides fleeting relief to construction industry

Post Time:Aug 24,2010Classify:Industry NewsView:96

Industry sources say the recent uptick in construction jobs will likely be fleeting since it is based on federal stimulus dollars that will soon dry up.

"There are few signs of life in privately funded construction, and state and local budget deficit projections are forcing further cuts in non-stimulus public projects," said Ken Simonson, chief economist at the Associated General Contractors of America, in prepared remarks.

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