As the nation begins to move out of recession, the
construction industry is starting to show signs of life
— as are some coastal economies. Twenty-nine U.S.
states added construction jobs to their net payroll numbers in
recent months, according to an
analysis by AGC (the Associated General Contractors of
America). One coastal state, Massachusetts, was toward the
front of the pack, with a 3.8% increase in construction
employment (3,900 jobs). But other coastal states posted
month-over-month job losses in construction: Maine lost 1,800
jobs (7.7%), Rhode Island lost 700 jobs (4.3%), and South
Carolina lost 2,500 jobs (3.1%).
Massachusetts is headed for better times, according to an
economic forecast by Northeastern University professor Alan
Clayton-Matthews, the Boston Globe reports
("
Mass. economy speeds up, jobs coming, says forecast," by
Robert Gavin): "The Massachusetts economy is recovering at a
quickening pace that will lead to more hiring over the next
several months, setting the stage for an expansion that could
create more then 200,000 jobs over the next five years."
And according to another forecast, by the New England
Economic Partnership
(NEEP), the entire New
England region is returning to growth. The Bangor Daily News
has the story
("New
England economic forecast: Worst over but growth slow," by
the Associated Press): "University of New Hampshire economist
Ross Gittell, the author of the forecast, says the worst is
over and the economy is turning a corner. But it will take an
extended period of time to recover the nearly 366,000 jobs lost
in New England over the past two years."
By contrast, South Carolina's construction job losses are
indicative of lingering hard times in Southern coastal
economies. But South Carolina's unemployment rate, though still
among the highest in the nation, has begun to ease also,
reports the Associated Press
("
SC jobless rate drops to 11.6 percent in April," by Page
Ivey). And coastal counties are faring better than inland
counties: "Beaufort County along the coast improved to 7.3
percent from 8.8 percent to record the state's lowest jobless
rate," the AP reports.
Savannah, Georgia is showing a similar pattern of slow, but
distinct, recovery, according to Michael Toma, professor of
economics and the director of the Center for Regional Analysis
at Armstrong Atlantic State University. "Growth is back, but
it's tepid.," Toma told the Savannah Morning News
("
Our economy headed upward," by Arlinda Smith Broady). Among
the positive signs: An uptick in electrical usage, rising hotel
room stays, and job growth in the service sector. Construction
employment dropped by 300 jobs in first-quarter 2010, however,
pushing the tally of jobs lost since 2006 to 3,000 —
and dropping total construction employment down to levels not
seen since 1996, according to Toma. (Read Toma's full report,
"
Economy Treading Water.")