Associated General Contractors of America CEO Stephen Sandherr urges Congress to continue investing and move on with its infrastructure stimulus plan before it’s too late.
With just below a million construction workers left jobless over the past 12 months, Associated General Contractors
of America CEOStephen Sandherrurged Congress to continue investing
and move on with its infrastructure stimulus plan before it’s too late.
“Today's jobs figures highlight the devastating impact current economic
conditions are having on the construction industry. In June alone, construction
employment declined by 79,000 jobs, seasonally adjusted, while over the past
twelve months 992,000 construction workers have lost their jobs. Indeed, while
overall unemployment is 9.7 percent (9.5 percent, seasonally adjusted), over
17.4 percent of construction workers are now unemployed. While there is little
doubt that the stimulus has helped slow the decline, the fact remains the
construction industry has many long, slow and difficult months ahead as the one
trillion dollar construction market continues to suffer from declining state
and local revenue, little demand for commercial or retail facilities and
shrinking orders for new factories and facilities.”
“The Administration and Congress must see today's figures as a reminder to
stimulate new commercial lending and hasten non-transportation stimulus
construction projects that have by and large yet to begin. And they must not
delay action on a host of other infrastructure work, including the surface
transportation, aviation and water infrastructure legislation. If the stimulus
is followed with inaction and political gridlock, many thousands more
construction workers will soon be out of work,” said Sandherr,
chief executive officer of the Associated General Contractors of America.
Source: AGC of America