Thursday, January 6, 2011

State Construction Employment Plummets

Posted By on Thu, Jan 6, 2011 at 3:42 PM

With housing starts as a leading economic indicator, Gem State lawmakers heard more sobering statistics Thursday afternoon from Idaho Associated General Contractors.

Construction employment in Idaho during the summer of 2010 totaled 28,800, a decrease of 13.8 percent from June 2009, and a decrease of 46 percent from the state's peak in 2006. The construction industry in Idaho is currently at levels last seen in 1994.

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Across the board, total construction spending—more than $800 billion—is down 6 percent from just four years ago. All construction accounted for 6.7 percent of Idaho's gross state product in 1999. It currently is closer to 5 percent.

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