Construction led the way with 48,000 new jobs, the single largest gain since March 2007, as reported by Reuters. The report is a good indicator that low January numbers could be indicative of Fiscal Cliff and Sequester fears. As industry experts continue to gauge the impact of changing federal policies and the soaring stock market, it seems, at least for now, that construction is on track for a positive 2013.
For those who remain skeptical of the construction industry’s return in 2013, here are a few numbers that may sway your opinion. A press release from the Associated General Contractors of America (AGC) confirmed last week that in January the U.S. hit a three–year high for both construction employment and spending.
- 28,000 jobs were added in January, the eighth straight month of job growth
- Construction spending was up 7.8%, the ninth month in a row that spending grew
“The new employment data show the industry lost even more jobs in the recession than previously estimated but has added almost 300,000 jobs in the past two years, including nearly 100,000 since [Read more…] about Construction Employment and Spending Hit 3-Year High