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.
Simonson stated that the article's fundamental assumptions are flawed because it is impossible to measure the impact of $4 billion by looking at overall employment figures for an industry that experienced a $137 billion drop in activity. See Simonson's statement here, and more detailed analysis here.
The news was covered by The Oklahoman, Watertown Daily Times and Daily Journal of Commerce.
For more information, contact Ken Simonson at (703) 837-5313 or simonsonk@agc.org.