While the $27 billion dedicated to highway construction in the $775 billion stimulus package likely saved thousands of construction-related jobs, it was not enough to prevent widespread lay-offs among road and transit construction businesses according to a survey released today by the AGC co-chaired Transportation Construction Coalition.
While stimulus funds will continue supporting transportation projects next year, 44 percent of contractors anticipate having to lay off additional permanent employees due to overall economic conditions, the survey found.
The results of the survey were released during a conference call, which included remarks from AGC's chief economist Ken Simonson. Read the press release and complete survey results here.
The news was covered by Pittsburgh Post-Gazette, CQ Today and the Denver Daily News, to name a few. AGC of North Dakota's executive vice president, Russ Hanson, discussed the results on the local NBC news station.
For more information, contact Brian Turmail at (703) 837-5310 or turmailb@agc.org.
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