The number of construction jobs in North Carolina declined 4.5 percent over the past year, according to data released from the Associated General Contractors of America. The AGC calculates the numbers by analyzing data collected by the U.S. Department of Labor.
The News & Observer reports between August 2011 and last month, the state lost 7,900 jobs, with total construction employment dropping from 175,400 to 167,500. That percentage decline ranked North Carolina 34th among the country’s 50 states.
The construction industry continues to be mired in one of its worst downturns on record. Although construction of new homes has been increasing of late, activity levels remain well below their historic norms. The industry also continues to be hurt by a lack of available financing for most commercial projects, in addition to a reduction in public projects as state and local governments deal with strained budgets.
Construction employment declined in 30 states over the past year, according to the AGC.