January 30, 2009
Construction job gains were confined to only three oil-producing states - Oklahoma, Louisiana (both 4 percent) and Texas (1 percent) - plus the District of Columbia (2 percent). At the other extreme were Utah (-22 percent), Arizona (-21 percent), South Carolina (-17 percent), Florida and Michigan (both -16 percent). Some of these states posted double-digit construction job increases just a few years ago, whereas Michigan has been shedding jobs all decade.
January 16, 2009
Construction was on the bleeding edge of job losses last year. The Bureau of Labor Statistics reported on Friday that construction accounted for nearly one-quarter of the 2.6 million jobs lost throughout the economy in 2008, even though the industry employs only one out of 20 nonfarm workers. The industry has shed jobs for 18 months in a row, with losses accelerating rapidly from 20,000 in September to 101,000 in December. Further losses seem all but certain.
January 16, 2009
On January 8, AGC hosted a media conference call with approximately 60 reporters to announce its first-ever construction employment and business forecast.  President-elect Doug Pruitt (Sundt Construction, Tucson, Ariz.), CEO Steve Sandherr, Chief Economist Ken Simonson and members Brian Burgett (Kokosing Construction, Fredericktown, Ohio), Tracy Hart (Tarlton Corporation, St.
December 22, 2008
Two charges against providing economic stimulus through infrastructure spending are that it leads to little employment, and that the money flows too slowly to help during a downturn. Recent estimates from the Federal Highway Administration (FHWA) and the U.S. Army Corps of Engineers show the job potential is large. The circumstances of the current recession suggest the jobs would be added quickly.
November 14, 2008
Voters on Election Day approved a huge schedule of state and local bond and tax issues in support of infrastructure spending for schools, colleges, other public buildings and highways. The Bond Buyer estimated that successful bond issues alone totaled $54 billion, the second-highest total after 2006 and about 82 percent of issues on the ballot.
October 31, 2008
The freezing of credit markets, combined with sharply reduced expectations for the economy, are drastically lowering the number of construction starts. At the same time, the slowing world economy, along with a rebound in the value of the dollar against some currencies, has driven down many materials prices.
October 1, 2008

The upheaval on Wall Street is delaying or stopping projects all over the country, even ones already under way.


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