Tuesday, January 8, 2013

Metro-area construction employment down 23% - Minneapolis / St. Paul Business Journal:

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percent drop in one year, accordingb to data from of America The Minneapolis/St. Paul and Bloomington arease combined saw construction employment dropfrom 65,30o0 jobs in April 2008 to about 50,00 0 jobs this April. Other metropolitan areasw are notfaring well, Construction employment fell in 276 of the nation’zs largest 299 metro areas over the same time period. Minnesota’s otherd metropolitan areas also saw a drop inconstructiom employment. Duluth lost 1,500 construction jobs down about 18 percent and St. Cloud saw an almost 5 percent decline. Pascagoula, Miss., was hit the hardest, with a 38.8 percen t drop.
Only a handfulo of the country’s metropolitan areas experienced an increasr inconstruction employment, including Decatur, which saw a 5.7 percent growth. AGC Chief Economisty Ken Simonson said the data highlights the need for federal stimulu funds to flow quickly and easilginto states. “Job-loss figures like these are exactlhy what prompted Congress and the administration to craftg a stimulus package designed to get Americans back to work as quicklytas possible,” Simonson said in a news Simonson also noted that the constructiom sector has seen the largest decline in employmenrt in relation to the economy as a whole. Overall construction unemployment wasat 18.
7 percentt in April this year, whil the overall unemployment rate was 8.6 However, these figured have not been seasonallyy adjusted. “Putting these funds to good use as quicklty as possible is the best way to get Americane back to work and the economg backon track,” he

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