CONSTRUCTION EMPLOYMENT DECLINED IN MOST STATES IN NOVEMBER AS ANXIETY OVER FISCAL CLIFF CAUSES CONTRACTORS TO HOLD OFF ON HIRING

December 21, 2012 – (RealEstateRama) — Barely one-third of states added construction jobs on either a monthly or annual basis in November, as the prospect of a more severe contraction in 2013 keeps hiring down, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials noted that the threat of the looming fiscal cliff’s spending cuts and tax increases is offsetting slight growth in construction spending and keeping employment levels down.