From all 339 metro areas, 220 areas saw an increase in construction employment in April 2014 in comparison with April 2013. 7o areas experienced a decrease, while in 49 areas employment stayed at the same levels. Spending cuts on government facilities, as well as the Hurricane Sandy reconstruction, led to lower employment levels in Washington, D.C. and New Jersey.
The general trend shows that construction employment is rebounding across the U.S.
Los Angeles-Long Beach-Glendale in California saw the biggest increase of 10%. Next are Dallas-Plano-Irving in Texas and Santa Ana-Anaheim-Irvine in California. Most jobs were lost in Bethesda-Rockville-Frederick in Maryland and Gary in Indiana.
A new highway and transportation bill can greatly boost the employment in the construction industry, according to AGC.
Category: Commercial Bonds