More states lost construction jobs in May than at any point since June 2011 as 30 states experienced annual job losses and 27 states and D.C. lost jobs during the past month, according to an analysis by the Associated General Contractors of America of Labor Department data.
The weak state construction employment figures come as public investments in construction decline and the federal transportation program is at risk of shutting down on June 30.
“As the public sector continues to restrain growth in construction demand, we will continue to see weak reports like this,” said Ken Simonson, the association’s chief economist. “There isn’t enough demand for private sector structures to compensate for dwindling investments in highways, bridges, water systems and public buildings.”
Read the full press release here. The news was covered by the Orange County Register, Sarasota Herald-Tribune, Phoenix Business Journal, WOWT, Providence Business News, Fort Worth Star-Telegram, Arizona News, Orange County Register, Business Courier of Cincinnati, Business First of Louisville, among others.
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