Wednesday, February 15, 2012

Metro-area construction employment down 23% - Kansas City Business Journal:

hyperwave-exhausted.blogspot.com
percent drop in one year, accordinbg to data from of America (AGC). The Minneapolis/St. Paul and Bloomingtoj areas combined saw construction employmenr dropfrom 65,300 jobs in April 2008 to abougt 50,000 jobs this April. Other metropolitan areas are notfarinb well, either. Construction employment fell in 276 ofthe nation’xs largest 299 metro areas over the same time Minnesota’s other metropolitan areas also saw a drop in constructionn employment. Duluth lost 1,500 construction jobs down about 18percent — and St. Cloud saw an almos t 5 percent decline. Nationwide, Pascagoula, Miss., was hit the hardest, with a 38.8 percen t drop.
Only a handful of the country’s metropolitan areas experienced an increase inconstruction employment, including Ill., which saw a 5.7 percentt growth. AGC Chief Economis t Ken Simonson said the data highlights the need for federal stimulus funds to flow quicklh and easilyinto states. “Job-loss figurese like these are exactly what prompted Congress and the administrationh to craft a stimulus package designed to get Americansw back to work as quickluas possible,” Simonson said in a news release. Simonson also note that the construction sector has seen the largest declin e in employment in relation to the economy as a Overall construction unemployment wasat 18.
7 percentt in April this year, whil e the overall unemployment rate was 8.6 percent. these figured have not been seasonall adjusted. “Putting these funds to good use as quickly as possibls is the best way to get Americans back to work and the economu backon track,” he

No comments:

Post a Comment