Stimulus has limited impact on construction firms

08/30/2009 | ICIS News (U.K.)

Some construction firms in the U.S. still have not felt the benefits of the federal stimulus package, according to a survey by AGC. Experts expect unemployment in the construction industry to remain above 10% into 2011. "The [stimulus] has the ability to halt the virtual free fall in construction employment that has cost the jobs of more than 1 million construction workers over the past 12 months alone," AGC CEO Stephen Sandherr said. "With construction unemployment at almost double the national rate, it is disappointing to see so many of these programs getting off to such a slow start."

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