ARLINGTON, VA — According to a survey by the Associated General Contractors of America, an estimated two-thirds of the nation’s non-residential construction companies are planning to cut their payrolls.
The association’s member companies report declining activity across every type of construction market. Building contractors, road builders, utility contractors and water resource contractors all report significant declines, which are forecast to lead to a 30% decline in the number of people working on construction projects. The forecast did find that planned investments in infrastructure as part of the economic stimulus package could improve the employment and business outlook for the year.
Associated General Contractors of America.
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