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Texas remains on gaining end for construction employment, industry report finds

by admin on October 31, 2012

Texas has once again been signaled out for its performance in the construction industry.

According to the latest analysis by the Arlington, Va.-based Associated General Contractors of America, over the 12 months ended September 30, 2012, Texas added the most jobs — a total of 32,800. The Lone Star State went from a total of 559,500 construction-sector employees at the end of September last year, to 592,300 in September 2012.

Texas was one of 23 states that added construction jobs between September 2011 and 2012, AGC reports. That leaves another 28 states that gave up jobs over the same time period.

The AGC analysis tracks employment numbers for all 50 states, plus the District of Columbia.

Economic uncertainty — including the lack of clarity regarding tax rates — has been a hefty roadblock in employers’ plans to expand, AGC officials say.

“Between the fiscal cliff, unset tax rates and declining public-sector investments, there are a lot of construction projects on hold, as owners wait for a clearer picture of where the economy is heading,” says AGC chief economist Ken Simonson.

“A lot of businesses are wary of investing in new construction activity when they don’t know where the economy is heading, or even what tax rates they will have to pay next year,” adds Stephen E. Sandherr, the organization’s CEO. “Economies don’t thrive amid uncertainty and inaction.”

Link to SABJ Article

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