AGC: Construction industry ‘stuck in neutral’ position
Construction employment declined in 28 states from October 2011 to October 2012. During the same time, 31 states and Washington D.C., added jobs.
“The industry remains stuck in neutral, with close balance each month between the number of states that add or lose construction jobs,” said Ken Simonson, the association’s chief economist. “Despite a strong pickup in homebuilding and multi-family construction, uncertainty about the fiscal cliff appears to be holding back private investment, while public agencies keep trimming construction budgets.”