Construction employment in Florida is, absolutely, in the toilet
In an article in the St Petersburg (FL) Times on Friday, March 11, 2011, entitled, “Gloom Returns to Job Picture” (and authored by Jeff Harrington, Staff Writer) – “the Tampa Bay Area lost 13,000 jobs in January after two months of gains” – the latest snapshot released Thursday reveals that approximately 161,000 people are seeking jobs in the Tampa Bay Area. That figure does not include tens of thousands who are working part-time because they are unable to find full-time work or those who are discourage and have given up looking.
Florida’s unemployment rate (the statewide rate) stood at 11.9%. However, add in discouraged workers and part-timers seeking full time work and the state’s jobless rate would be just over 20.0%. Imagine that, 1 in 5 either not employed or under-employed.
Since 2006, Florida has shed 355,000 construction jobs, accounting for nearly 52% of all job losses statewide.
Also, here’s a look at construction employment, state-by-state, for late 2010 and early 2011, according the AGC and U.S. Bureau of Labor Statistics:
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