Most Construction Workers Who Lost Jobs During Recession Have Been Rehired (By Sharon O'Malley)

By Anonymous -
More than 60% of the 393,000 long-term, skilled construction workers who lost their jobs during the recession have found new ones in the industry since the recovery began, the Bureau of Labor Statistics reports. Among them, 6% work part-time and 10% work for themselves or for family businesses.  The construction industry has added 609,000 jobs since January 2011—when employment was at its lowest. The industry’s 7.5% unemployment rate compares to 27.1% in February 2010, according to the BLS and the Associated General Contractors of America.  According to the study, 40% of skilled workers are bringing home more in their post-recession paychecks. Another 30% are earning less.

From: www.constructiondive.com
   Trenton H. Cotney
   Florida Bar Certified Construction Lawyer
   Trent Cotney, P.A.
   1211 N Franklin St
   Tampa, FL 33602

Comments

Post a Comment

Popular posts from this blog

The Dotted Line: When Contractors Can Walk Off the Job

By -
When general contractors or subcontractors sign on to construction projects, they usually start off believing everything will run smoothly. But, during the course of the work, issues sometimes arise that force all parties to go running back to their contracts in order to evaluate their options. One of those options for construction companies is to simply stop work, but contractors need to take care when making such a big decision. “Stopping work and ultimately terminating the contract is one of the most radical things you can do,” said Joseph McManus Jr., attorney and shareholder at law firm Carlton Fields.   Luckily, most of the circumstances under which contractors are clearly entitled to stop work are included in the most popular standard forms of contracts. Nonpayment The most common reason that contractors find it necessary to stop work, McManus said, is that they haven’t been paid for approved invoices. In that scenario, he said, contractors have the ...
Read more

"Mass-timber" Sees Greater Use in Roofing and Construction Projects in Europe

By -
Image
The use of "mass-timber," or prefabricated engineered wood components is becoming more common in construction and roofing applications in Europe. In projects such as the galleria roof of a central city building in Surrey, it helps meet demand for wood structures to add visual appeal. From NRCA Trenton H. Cotney Florida Bar Certified Construction Lawyer Trent Cotney, P.A. 407 N. Howard Avenue Suite 100 Tampa, FL 33606 www.trentcotney.com
Read more