Despite fiscal cliff uncertainties, North Carolina was one of only 19 states that was able to add construction jobs between October and November, according to Associated General Contractors of America. The trade group says the state’s building industry grew by 1,700 jobs during the 30 days, bringing total employment to 172,800, reports the Triangle Business Journal.
Looking at the industry over a larger time frame, however, a robust recovery still appears to be off in the future. For the 12 months ending in November, North Carolina shed 4,700 jobs, or 2.6 percent of the construction workforce.
“While construction spending has been rising for over a year, contractors have held down employment levels out of fear that failure in Washington to avoid the ‘fiscal cliff’ will trigger a recession and cause many projects to be canceled,” says Ken Simonson, the association’s chief economist. “If the nation can get past this unnecessary, self-induced crisis, there should be a strong upswing in construction hiring in 2013.”
Simonson noted that only 20 states and the District of Columbia added construction jobs between November 2011 and November 2012, while employment shrank in 30 states. Read More.