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Legislative & Special Projects, Pine Bluff Sand & Gravel
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Economics

March 1, 2010
Construction spending in January fell by $5.5 billion to $884 billion, its lowest level since June 2003, according to AGC's analysis of new federal figures. Declining investments in private-sector non-residential construction and public construction at all levels of government drove the decline, AGC's chief economist Ken Simonson said.
February 5, 2010
Overall U.S. job growth continued to be undermined by the severe downturn affecting the construction industry as another 75,000 construction workers lost their jobs in January 2010 and the industry's unemployment rate jumped to 24.7 percent, according to federal employment figures released Friday.  Excluding construction job losses, nonfarm payroll employment actually rose for the second time in three months, AGC said.
January 25, 2010

AGC's Ken Simonson talked to CNBC News about what's in store for the economy, including the construction industry, in 2010.  Simonson discussed the results of a National Association for Business Economics survey. Watch the video here.

For more information, contact Ken Simonson at simonsonk@agc.org.
January 22, 2010
For the first time since the start of the economic downturn, every state and the District of Columbia reported losing construction jobs over the past twelve months, according to AGC's analysis of state-by-state employment data released Friday. The analysis found few signs of a construction industry recovery with only six states reporting construction job increases between November and December 2009.
January 21, 2010
AGC's chief economist urged owners to take advantage of low materials prices and contractors anxious for work, as a recent survey of AGC members and analysis of the producer price index showed the "sale" may soon come to an end.
January 12, 2010

Ken Simonson, AGC's chief economist, issued a statement yesterday in response to an Associated Press story that looked at the impact of stimulus-funded highway projects on overall construction employment.

January 4, 2010
Construction employment declined in 324 out of 337 metropolitan areas over the past year as spending on construction projects dropped by over $137 billion in November to a 6-year low of $900 billion, according to AGC's analysis of federal figures released Monday.
December 18, 2009
AGC found that while construction employment increased in 26 states this November during a period of warm, dry weather, every state but North Dakota saw a decrease over the past 12 months.  Employment data was released today by the Bureau of Labor Statistics, but AGC says it is too early to know if a trend is emerging.
October 27, 2009
All but 12 communities nationwide saw declines in construction employment between September 2008 and 2009, according to a new analysis of metropolitan area employment data from the Bureau of Labor Statistics released today by AGC. That analysis found more construction jobs were lost in Phoenix, AZ (35,100) than in any other city in America.
October 6, 2009
The national unemployment rate for the construction industry rose to 17.1 percent as another 64,000 construction workers lost their jobs in September, according to AGC's analysis of new employment data released Friday. With 80 percent of layoffs occurring in nonresidential construction, Ken Simonson, AGC's chief economist, said the decline in nonresidential construction has eclipsed housing's problems.

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