Posted by: loomisisc | December 2, 2009

Rail Can Return Construction Jobs Lost Last Year

Today the Pacific Business News website ran this story: Honolulu lost 10% of its construction jobs

According to the story:

Honolulu’s construction sector saw a 10 percent loss of jobs from October 2008 to October 2009, according to an analysis of U.S. Bureau of Labor Statistics data by the Associated General Contractors of America.

Honolulu’s construction sector lost 2,600 jobs during the period and now employs 23,100.

Additionally, during Mayor Mufi Hanneman’s press conference for the Rapid Transit Stabilization Agreement (RTSA) on November, 18th,  Ronald Taketa of the Hawaii Carpenters Local 745 said 45% of his union is unemployed.

Yet, amid the bad news about the last year, Mayor Hanneman said that the city can expect 4,000 jobs to be created directly from the rail project alone in 2010. Also, the Economic Development Research Group has reported that “an estimated 30,000 jobs are supported per billion dollars of spending” on federally supported transportation projects.

The right choice is obvious, “No other single project in Hawaii, in the public or private sector, can create as many jobs or generate as much economic activity during this recession” said City and County of Honolulu Managing Director, Kirk Caldwell.

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