Construction Layoffs Continue at Deep Recession Pace
May 12, 2009 - Jim Haughey
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Comments
05/13/2009 - posted by Frank Davis
just great news- the stimulus deal was to add jobs not subtract. What a joke
05/14/2009 - posted by Scott Stevens
A lot of township and counties that I’ve spoken too are using existing workers to perform stimulus work and money they’ve received. They trimmed work forces late last year and are now using the current labor to complete projects. It’s there way to keep people employed, which does not help those who are unemployed. The federal stimulus is not and will not work.
Contractors laid off 110,000 more workers in April. This matches the average monthly layoffs over the last six months. Contractors have shed 1,370,000 jobs in the last three years. Not surprisingly, previously very strong construction wage growth has ended, says Reed Construction Data chief economist Jim Haughey.