Why 2013 was a Success for Metropolitan Construction Employment

Published: Feb 10, 2014
A press release by The Associated General Contractors of America (AGC) analyzed data about construction employment in metropolitan areas between December 2012 and December 2013.

Figures show that in one year, construction employment increased in 192 out of 339 metro areas, in other words more than half of them. At the same time it experienced a drop in 84 and remained unchanged in 63 of them. According to Ken Simonson, an economist working with the AGC, the increase was mostly driven by “growing demand for apartment and single-family construction”. At the same time, December 2013 saw slower construction employment mainly due to bad weather conditions, thus Mr. Simonson is optimistic about the upcoming months.

Another reason for optimism is that Congress can do a lot to boost the sector if it speeds up reforms in funding for port and waterways improvements, as well as passes the new surface transportation bill.

Read the source article at agc.org.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.