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Construction employment expanded in 195 metro areas, declined in 90 and was stagnant in 54 between January 2013 and January 2014, according to a new analysis of federal employment data released today by the Associated General Contractors of America.
Despite these gains, construction employment remained below peak levels in all but 21 metro areas.
“It is a sign of the continued strengthening of the construction industry that nearly 60 percent of metros added construction jobs from a year earlier despite the severe winter conditions in much of the country this January,” said Ken Simonson, the association's chief economist. “Nevertheless, the industry’s recovery has a long way to go with only a few of metro areas exceeding their previous peak January level of employment.”
Many contractors across the country are worried about a possible slowdown in federally-funded transportation projects this summer when the federal Highway Trust Fund is expected to hit a zero balance.