A National Jobs Emergency & The Transportation Solution
In the backdrop to the recent political fireworks on
the federal debt limit is a sobering reality: America is in the midst of a
national jobs emergency. California,
struggling with 12% percent unemployment, is a perfect example of what’s
happening nationally.
The August U.S. Labor Department
employment report showed anemic job growth.
In July, the U.S. Chamber of Commerce released what it called the
"brutal findings" in its "Small Business Outlook Survey" of more than 1,400
small business owners. Nearly 65 percent
said they have no plans to hire in the next year. "Economic uncertainty" was the primary
obstacle cited.
"Hard times" stories reverberate throughout the U.S.
construction industry, currently reeling with a 15.6 percent national unemployment
rate, 6.4 points higher than the national average. In California, construction industry
unemployment hovers between 20 and 25%. A
July national survey of transportation contractors by the American Road &
Transportation Builders Association found more than half of the respondents
operating below 75 percent capacity.
Some reported the highway and bridge construction market is the worst
they’ve experienced in their lifetimes.