Thousands of projects, billions of dollars and layoffs still to come

01/26/2010 | CNNMoney

Close to $36 billion in stimulus funds has been spent on more than 8,500 transportation projects, but to what effect? Although the work contributed to 250,000 jobs, 44% of transportation-construction firms say they will have to lay off employees this year. "The job effect is difficult to pin down, invisible I might say, because it comes at a time when much else is shrinking," said Ken Simonson, chief economist of the Associated General Contractors of America.

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