PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

Coatings Industry News

Main News Page


Construction Jobs Surge to New High

Monday, March 18, 2013

Comment | More

After nine straight months of job growth, more Americans are working in construction than at any time in the last three and a half years, a new report shows.

And with 48,000 jobs added in February alone, that progress should hold through the rest of 2013, according to an analysis of new government data by the Associated General Contractors of America.

Still, the construction industry remains shaky and has a long way to go to recapture its pre-recession numbers, warns the association.
 
High on the list of recovery threats is a potential government shutdown later this month over a federal budget impasse, AGC said.
 
'The Right Direction'
 
However, February's employment gains were the largest for a single month and marked the ninth consecutive month of growth—evidence of "steady improvement in construction hiring" that AGC's chief economist called "particularly encouraging."
 
Multifamily construction
Mobile Lumber & Millwork

Single- and multifamily homebuilding have been on the rise for several months—growth that should continue if the government can reach a budget deal.

“The job gains are coming from every part of the construction industry," said economist Ken Simonson, "and while the sector’s unemployment rate remains stubbornly high, it is heading in the right direction.”

Both single-family and multifamily homebuilding "have been accelerating for several months and should continue to add jobs in the near future,” Simonson said.

“On the private nonresidential side, there will likely be strong growth in power and energy-related projects, manufacturing and distribution facilities and private college construction."

On the other hand, Simonson warned, public construction "remains weak.”

By the Numbers

U.S. construction firms employed 5.78 million people in February, a gain of 48,000 from January and 140,000 (or 2.5 percent) from a year ago, AGC reported.

Highway project
Ceballos Construction

Nonresidential construction is adding jobs, but the public sector remains weak.

Both residential and nonresidential construction added jobs for the month and year. Residential construction (building and specialty trade contractors) added 19,400 jobs in February and 64,200 (3.1 percent) over 12 months.

Nonresidential construction (building, specialty trade, and heavy and civil engineering construction) expanded by 29,000 employees in February and 75,700 (2.1 percent) over the year-ago level.

The industry unemployment rate, which is not seasonally adjusted and thus is typically high in February, fell from 17.1 percent in February 2012 to 15.7 percent last month.

Budget Threats

The federal government is currently operating under a Continuing Appropriations Resolution that was approved Sept. 28 and is set to expire March 27. The House of Representatives voted March 6 to approve a $982 billion stopgap spending measure that would fund the federal government through the rest of the fiscal year.

The Senate is taking up its own version of a spending bill this week.

For the construction industry, tens of billions of dollars in federal infrastructure and construction spending hang in the balance, according to AGC, which represents more than 33,000 firms, including 7,500 leading general contractors.

Interruptions or stoppages on those projects could seriously damage the industry's recent progress, officials said.

Even with the recent gains, construction firms currently employ two million fewer people than in 2006, said AGC CEO Stephen E. Sandherr.

“While the new employment figures are encouraging, the construction industry’s recovery remains fragile,” said Sandherr. “Putting billions of dollars worth of construction projects on hold because Washington officials can’t set a budget threatens to undermine the sector’s recovery just as it is starting to heat up.”

 

   

Tagged categories: Construction; Industrial Contractors

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
International Bridge Conference
 
2017 International Bridge Conference
 
June 4-8, 2017, National Harbor, Maryland
 

 
SAFE Systems, Inc.
 
Enduroguard -
The Tough Cable
for a Tough Industry.
 
Reduce maintenance costs and down time, increase job site safety with Enduroguard Cable. Available exclusively from SAFE Systems. UL listed, flexible, abrasion resistant and cut resistant.
 

 
SEMicro Division, M.E. Taylor Engineering, Inc.
 
Coatings Adhesion Testers
 
The PATTI® accurately measures the bond strength between coating & substrate. Outfitted properly, the surface can be rough, porous, or curved & >10K psi strong!
 

 
Industrial Vacuum Equipment Corp.
 
Hurricane Vacuums
& Dust Collectors
 
Vacuum and dust collector hose, filters and related accessories.
IndustrialVacuum.com
 

 
Tarps manufacturing, Inc.
 
QUALITY MADE IN AMERICA —Available near you!
 
CLICK to get a behind-the-scenes look at how Tarps Manufacturing makes the highest-quality tarps right here in the USA — available nationwide.
 

 
Detail Masters
 
Overspray Removal
 
We offer professional, turnkey service and unparalleled quality!
Our process can save hundreds— even thousands of dollars. It's fast, environmentally safe and 100% guaranteed.
 

 
Carboline Company
 
Fireproofing Solutions
 
Pyroclad® X1 Thermo-Lag® Pyrocrete® – protecting against hydrocarbon and jet fires, explosions, and cryogenic spills.
 

 
Atlantic Design, Inc.
 
BUILDING INNOVATION, NOT IMITATION
 
The smallest version of our Blast Vacuum Recyclers, this ADI 2300CFM 2-Pot is a cleverly designed power package for those smaller jobs. 866.Call.ADI
 

 
Mitsubishi Gas Chemical America
 
Performance Amine 1,3-BAC
 
A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.
 

 
Manus Abrasive Systems, Inc./Mod-U-Blast Mfg.
 
Dry-Pro Air Dryers & Aftercooler Skids
 
Feature a compact design, small footprint and available in 6 models ranging from 250 CFM up to 1600 CFM. (2500 CFM H.D. models also available)
 

 
 
 

Technology Publishing Co., 2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us