Construction Spending Drops to 6-Year Low

Only 4 Out of 337 Cities Added Construction Jobs in 2009 As Construction Spending Drops to 6-Year Low

February 2, 2010

Virtually every community in America experienced a decline in construction employment based on a new analysis of federal employment statistics prepared by the Associated General Contractors of America.  Given that construction spending declined by $100 billion last year to a six-year low of $903 billion, it is easy to understand why only four communities added construction jobs between December 2008 and December 2009.  The lone bright spot last year was the stimulus, which helped boost highway and street construction spending last year.  The lesson is that Congress needs to pass a jobs bill with significant new infrastructure investments to avoid further job losses.

And, keep an eye on hiring in Haiti here at www.constructionjobsinhaiti.com