Summary
The transportation construction industry anticipates laying off workers and landing fewer contracts next year, following a brief boost from this year's federal stimulus bill, according to a trade group survey released Friday.
The Transportation Construction Coalition surveyed 528 firms and found that 75 percent of respondents anticipated a decline in work next year, and 44 percent expect to lay off non-seasonal workers based on those projections, said Ken Simonson, chief economist for the Associated General Contractors of America. About 64 percent laid off some workers during the past year.See the full content of this document
Extract
Highway Builders Confront Downturn
"Layoffs are up, despite the fact that the majority of firms have gotten stimulus-funded work," Simonson said. ...
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