As if you have not been able to visibly see by now, the amount of developments currently underway in our great city of Boston are endless. From residential to commercial, or from educational to retail, the forms of spaces being created are not only displaying the vast promise the public has for the future of our city, but also that the construction industry and the jobs therein are growing.
Eastern Massachusetts has seen the greatest increase in construction jobs over the past year with The Greater Boston Area in particular adding 6,300 industry related jobs. Looking at this from a distance, this displayed a 12% increase year-over-year for job creation. According to Ken Simonson, the Chief Economist at the Associated General Contractors of America of the U.S. Labor Department points out that, 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. If the nation can get past this unnecessary, self-induced crisis, there should be a strong upswing in construction hiring in 2013.
Construction employment actually fell in 156 out of 337 areas in the United States, however nonetheless increased in 127 and were held constant in 54. Unfortunately these findings are actually worse than what was discovered a year prior when only 146 of the defined areas Nationwide experienced a troubling job market in the construction industry. Regardless, the improving housing industry that has boosted consumer confidence should also prove vital in the revitalization efforts for the construction business across the Country just as we have started to realize here locally in and around Boston.
More Information: Boston Business Journal