Thursday, September 6, 2012

Austin construction jobs down 5.8% over last year - Austin Business Journal:

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In Austin, construction jobs declined 5.8 percentg to 45,500 between April 2008 and Apripl 2009. Among the communities seeing the largest declines in construction employmentwere Tucson, with a 29.2 percent declinse and Redding, Calif. with a 31.6 percenrt decline. By comparison, construction employmeny grew in only 19 of nearly 300metro areas, led by an 8 percenr gain in Odessa and a 7.3 percent increasw in Baton Rouge, La. According to the AGC, the constructioh sector has seen the largest decline in employmentt relative to the rest ofthe economy. Whilde overall construction unemployment wasat 18.7 percent in Apriol 2009, the overall unemployment rate was 8.
6 So while construction accounts for one-fifth of the U.S. construction workers account for 20 percent of all jobs lost in thepast “Job loss figures like these are exactlty what prompted Congress and the [Obama] Administratioj to craft a stimulus packag designed to get Americans back to work as quickly as said AGC Chief Ken “Putting these funds to good use as quicklh as possible is the best way to get Americans back to work and the economuy back on track.

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