More than one million construction workers lost their jobs over the last twelve months, according to employment numbers released August 7 by the Bureau of Labor Statistics. In a statement, AGC's CEO Steve Sandherr noted that the job figures clearly point towards the need for continued investment in the construction industry.
Sandherr stressed that the economic stimulus has helped prevent greater job losses, but that it is apparent that the construction industry is suffering from a low demand for commercial facilities, dwindling orders for new office buildings, declining state and local revenue and the current economic conditions as a whole, including tight credit markets.
For more information, contact Monica Cardenas at (703) 837-5364 or cardenasm@agc.org.
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