Still not recovered from Great Recession, CT’s construction industry fears another slowdown

Construction jobs peaked in Connecticut at 69,100 in June 2007 before bottoming out at 47,900 in March 2010, at the end of the recession, according to state Department of Labor statistics. As of March 31, there were 60,700 construction jobs in the state. The data show the decline in construction jobs was swift starting in early 2008 and the recovery was slow. After steady gains into 2016, the number of construction jobs in the state leveled off but began to climb again late in 2018 before the recent dip. Better cost controls, project-management methods and business-development standards will lead to less waste and fewer delays, said Nancy Greenwald, executive director of the Construction Institute at the University of Hartford.

http://www.hartfordbusiness.com/article/20190429/PRINTEDITION/304259965/1002

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