RER Magazine

SUBSCRIBE NOW!

Newsletters

RER REPORTS
RER PRODUCT WIRE

Blog

Newsletters

Stay up-to-date on the latest marketing intelligence and opportunities.

RER Reports RER ProductWire
Subscribe

Issue Archive

Event Calendar

Canadian Rental Mart
March 9-10

bauma 2010
April 19-25

Green Industry and Equipment Expo
October 28-30

» More events and information

Social Media

More ways to stay informed...

  

follow us on twitter

Find us on Facebook

Featured Links


Continued Investment in Infrastructure Vital, AGC CEO Says

Stephen Sandherr, CEO of the Associated General Contractors of America last week called for continual investment in infrastructure to offset devastating losses in construction employment.

“Today’s jobs figures highlight the devastating impact current economic conditions are having on the construction industry,” Sandherr said. “In June alone, construction employment declined by 79,000 jobs, seasonally adjusted, while over the past 12 months 992,000 construction workers have lost their jobs. Indeed, while overall unemployment is 9.7 percent (9.5 percent, seasonally adjusted), over 17.4 percent of construction workers are now unemployed. While there is little doubt that the stimulus has helped slow the decline, the fact remains the construction industry has many long, slow and difficult months ahead as the $1 trillion dollar construction market continues to suffer from declining state and local revenue, little demand for commercial or retail facilities and shrinking orders for new factories and facilities.

“The Administration and Congress must see today’s figures as a reminder to stimulate new commercial lending and hasten non-transportation stimulus construction projects that have by and large yet to begin. And they must not delay action on a host of other infrastructure work, including the surface transportation, aviation and water infrastructure legislation. If the stimulus is followed with inaction and political gridlock, many thousands more construction workers will soon be out of work.”

Want to use this article? Click here for options!
© 2010 Penton Media Inc.


Acceptable Use Policy
blog comments powered by Disqus

most recent story

popular articles

Popular Articles

Stock Block

Buyers Guide

Buyers Guide

The RER Industry Directory is the resource buyers like yourself rely on when looking for up-to-date information on the products or services you are searching for.

Learn More
Sourcebook

Rental Rate Guide

Rental Rate Guide 2010

Want to know how much equipment is renting for these days? Find out in RER’s original 2010 Rental Equipment Rate Guide.

Learn More Add to Shopping Cart
Sourcebook