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Construction employment expanded in 197 metro areas, declined in 87 and was stagnant in 55 between March 2013 and March 2014, according to a new analysis of federal employment data released today by the Associated General Contractors of America.
“Much of the country experienced relatively robust growth in construction employment during the past year,” said Ken Simonson, the association's chief economist. “But the fact construction employment remains below prior peak levels in most areas shows just how hard hit the industry was during the downturn and how vulnerable it is to disruptions, such as a potential lapse in federal highway funding.”
Association officials said thousands of construction jobs could be at risk if congress allows the federal Highway Trust Fund to reach a zero balance this summer.