U.S. construction employment declines, amid fiscal uncertainty and waning public sector demand

Miami /
Dec.December 05, 2012 04:30 PM

Construction employment in October declined in 156 out of 337 American cities, according to a press release issued today by the Associated General Contractors of America. For the remainder of the cities, employment figures increased in 127 cities and remained the same in 54.

As The Real Deal reported last month, the figures declined in a total of 160 U.S. metro areas in September. AGCA officials attributed the declines to uncertainty about federal tax and investment programs and on declining public sector demand.

Today’s press release didn’t indicate causes for October’s results, but warned that construction jobs in the nation will be at risk if the “fiscal cliff” is not resolved. “If taxes hump and federal construction spending is slashed next month, even more metros will have construction job losses,” said AGCA Chief Economist Ken Simonson in the release.

A separate report issued by the AGCA notes that spending cuts would eliminate $6 billion in federal construction projects next year.

As for jobs, Nassau-Suffolk, N.Y. and Newark-Union, N.J.-Penn. were two regions that saw large losses. Nassau-Suffolk lost 5,600 jobs year-over-year — or a 9 percent decline. Newark-Union lost 4,000 jobs year-over-year, an 11 percent decline.

New York City saw a 0.2 percent decline in employment year-over-year with a loss of 200 jobs.

Pascagoula, Miss. added the highest percentage of construction jobs year-over-year: 1,400, or a 29 percent increase.

As The Real Deal reported this week, construction spending rose 1.4 percent in October. — Zachary Kussin


Related Articles

arrow_forward_ios
Rendering of Plantation apartments with PGIM's Eric Adler and Stiles Corp's Ken Stiles (Stiles)
Stiles, PGIM buy Plantation multifamily dev site from synagogue, score $64M financing
Stiles, PGIM buy Plantation multifamily dev site from synagogue, score $64M financing
Frank Mendez with Patricio Cordero (inset) and the property (Linkedin, Google Maps)
Pinecrest homeowners fight lien from celebrity builder they allege was running a kickback scheme
Pinecrest homeowners fight lien from celebrity builder they allege was running a kickback scheme
(iStock)
South Florida construction starts fall in January
South Florida construction starts fall in January
Christopher Mills and Brad Meltzer (Plaza Construction)
Plaza Construction promotes two executives, relaunches homes division
Plaza Construction promotes two executives, relaunches homes division
(iStock)
South Florida construction starts rise in December, end the year down 25%
South Florida construction starts rise in December, end the year down 25%
(iStock)
South Florida construction starts fall in November
South Florida construction starts fall in November
(iStock)
South Florida October construction starts drop, year-over-year
South Florida October construction starts drop, year-over-year
Aria Mehrabi and renderings of the projects
Target-anchored mixed-use project planned for North Beach advances
Target-anchored mixed-use project planned for North Beach advances
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...