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Construction Jobs Slowed Down in Early 2014

The Greater Memphis area continued to lose construction jobs in January at a faster rate than most other U.S. metros. Memphis’ number of construction, mining and logging jobs fell 6.6 percent to 18,500 in January from 19,800 in January 2013, the Associated General Contractors of America has reported. In Tennessee, which struggled as a whole in January to create construction jobs, the Greater Nashville area had the best rank at No. 22 in the U.S.

As for Memphis, the slow efforts to rebuild the metro and recover from the housing crisis have been a detrimental process for the local economy. Issues like highways that need funding for remodeling are plaguing the city rather than pushing it forward. New construction in Memphis has slowed for now, but hopefully once the winter passes and the warmth returns there will be a renewed interest in buying, building, and selling.

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