After the burst of the housing bubble and the long recession that followed, the construction industry seems to be on a bit of a hot streak over the last few years. In fact, a new report by the Associated General Contractors of America (AGC) shows that in many of the country’s metro areas, construction employment is booming.
In an analysis of federal employment data, the Associated General Contractors of America found that construction employment expanded in 197 metro areas between March 2013 and March 2014. According to the report, the Los-Angeles-Long Beach-Glendale metro area in California added the largest number of construction jobs – 10,000 – over the past year followed by Santa Ana-Anaheim-Irvine, California (9,100) and Dallas-Plano-Irving, Texas (6,200).
The biggest percentage gains took place in Monroe, Michigan (43 percent), El Centro, California (37 percent) and Pascagoula, Mississippi (35 percent).
Although the growth in these areas is a positive sign the economy is moving in the right direction, an economist with the AGCA says that there is still room for improvement. In fact, in most of the metro areas construction employment remains below peak levels.
Additionally, the AGCA found that construction employment actually declined in 87 metro areas and remained stagnant in 55 others in the past year, indicating these is still much progress to be made. To keep the momentum moving forward, the AGCA believes it’s important for the government to continue funding highway projects to avoid job losses in this sector this summer and beyond.
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