Cities, States See Increased Construction, Hiring

January 11, 2013

While the financial picture is still difficult for most state and local governments, they are expected to spend about 1.8 percent more on construction in 2013 and hire new employees, according to projections by Macroeconomic Advisers.

"The bloodletting on the state and local government level has finally passed," says Jim Diffley, chief U.S. regional economist for IHS Global Insight, in a report on Bloomberg Businessweek. "They’re no longer subtracting from growth."

Source: AGC