Construction Employment Market Unstable
Posted by NotMike at 8:30 AM
The Associated General Contractors of America (AGC) have once again reflected on the state of employment in the construction industry, and although the U.S. Department of Labors (DoL) statistics seem to indicate an overall increase on construction jobs, a closer look at the trends show that employment in the industry is still volatile. Many of the jurisdictions reporting increases in employment in September-October reported a significant decrease in the previous months. In many cases, the opposite is true.
This serves to reinforce what is being said at all levels in the industry: The future is up in the air, until the federal government can stabilize their regulation, taxation, and stimulus for the industry into a definite plan to go forward. As it stands, there is still much debate about 2011, with few locales being able to definitively say that there are projects and funding in place for the coming year. AGCs chief executive officer, Stephen Sandherr, is quoted as saying, we wont see sustained job growth until the private sector picks up, and long-term federal plans are clear.
It remains to be seen what 2011 holds for the construction industry. Many forecasts are showing an increased demand for construction in some sectors, but for the most part, the industry is looking forward only to uncertainty.
