Labor shortages are prompting firms to increase pay and become more efficient but threaten to slow economic growth over the long-term.
An overwhelming majority of construction firms report trouble finding qualified craft workers according to a survey released by the Associated General Contractors of America.
Construction spending climbed to a nearly three-year high as increased spending on private projects outweighed a continuing downturn in public construction.
Construction employment declined in 27 states between June 2010 and 2011 and dropped in 22 states and D.C. between May and June.
Now that the Obama administration is in place, many Americans are sitting back and waiting to see what will happen with a cautious optimism.
February 2009: For The Record
Phone: 703-548-3118 Fax 703-548-3119Website/Email: info@agc.orgContact: Stephen SandherrMtg, Shw, Sem, Nws, Gov, Crt Brick Industry Association11490 Commerce ParkReston, VA 22091Phone: 703-620-0010 Fax: 703-620-392