Even though some San Antonio construction jobs have been lost this year, the area managed to fare better than much of the rest of the nation.
As a whole, the construction industry has lost more than 1 million jobs during the past year. In response, the Associated General Contractors of America recently announced a recovery plan to recreate those jobs through tax deductions and tax credits, which will help stimulate private construction, and more government spending, which will increase public construction projects.
San Antonio lost 700 construction jobs, or 1 percent, between August 2008 and August of this year. This places the city above most of the 336 largest metropolitan areas throughout the country taken into consideration by the AGC.
According to an article by the Express-News, several construction projects in the San Antonio area have helped keep the industry alive. Those projects include a $170 million Caterpillar plant, almost $2 billion in contracts awarded as part of the military’s Base Realignment and Closure process, as well as construction at local school districts, colleges and medical construction, including $900 million in improvements to the University Health System.
San Antonio’s construction industry employed 53,500 workers during August, according to the U.S. Department of Labor Bureau of Labor Statistics. This is only slightly down from 53,600 workers during July and a 1.3 percent decrease from last year.
In comparison, the construction industry in Texas as a whole employed 581,700 workers during August, down from 593,400 workers during July and a 13.7 percent decrease from last year.
[...] San Antonio Construction Jobs Fare Well [...]
Thank you for your article on this is very important subject.Very informative and easy read.I think that due to recession the growth of construction has slow down which badly affected the economic development.Hope so i will get the further updates in future.
Thanks,
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