Data from the Bureau of Labor Statistics shows that, in many areas, the construction industry has been one of the hardest hit by national recession. This is, at least in part, due to the fact that the real estate market has been in a state of crisis for some time now.
With fewer people able to afford buying new homes and foreclosure rates up, the market has become saturated with properties. This has severely decreased the need for new projects, which has had an adverse affect on construction jobs.
One hope for the federally appointed stimulus funds was that they would increase hiring in the construction industry. So far this has not been the case. According to a recent press release put out by the Associated General Contractors of America, the stimulus plan has yet to have any real significant influence on the industry’s job market.


