Construction employment declined in 156 out of 337 metropolitan areas between October 2011 and October 2012, increased in 127 and was stagnant in 54, according to a new analysis of federal employment data released today by the Associated General Contractors of America. However, construction jobs in many parts of the country are at risk if Congress and the president allow the “fiscal cliff” to occur, according to a new report the association released today.
“These figures show how spotty the construction recovery has been—even within a single state,” said Ken Simonson, the association’s chief economist. “If taxes hump and federal construction spending is slashed next month, even more metros will have construction job losses.”
Read the full press release here. In conjunction with this release, AGC of America had a media event in Seattle, held with the support of the AGC of Washington, to release the new metro construction employment data and release a new report on sequestration’s impacts on federal construction programs. The news was covered by local KCPQ-TV, KING-TV, other Seattle TV and radio stations, the Seattle Post-Intelligencer, the Seattle Times, Washington State Wire, Puget Sound Business Journal, Seattle Daily Journal of Commerce, Reno Gazette-Journal, Birmingham Business Journal, Dayton Business Journal, Kansas City Business Journal, Business First of Louisville, New Mexico Business Weekly, New Orleans City Business, Phoenix Business Journal, Wichita Business Journal and The Real Deal.