Thirty-Two Percent of Missouri Construction Companies to add employees:

According to an AGC.com survey.

The title says it all, but what does this say about the construction industry as a whole? The survey also states that thirty-two percent plan no change at all, with eighteen percent either not knowing or laying off their employees. The numbers speak volumes about the country’s volatile economic climate and even more about the construction industry. So what could be the cause behind the uncertainty? With most companies jumping from one job to the next at some point companies hit a dead end. The construction industry is oversaturated with thousands of companies fighting over hundreds of jobs.

So what could be the solution for this gigantic problem? Well the merging of current construction groups could increase work output, while also diminishing the number of construction companies bidding for work.  A majority of the hiring companies are taking anywhere between 1-5 new employees. This represents a 25% increase in the hiring company’s workforce.

Keep this in mind as the companies who are laying off 1-5 employees are doing so losing 96% of their employees. Therefore, most companies who are hiring will most likely be picking up the displaced workers of small construction crews. Over time, if this continues, many will see a decrease in the amount of competition over construction projects.

This article is not intended for financial advice and is meant for recreational reading purposes. Contact your financial adviser for a detailed assessment for your investment strategy.


2012 Construction Outlook Survey Results MISSOURI, http://www.agc.org/galleries/news/Missouri.pdf, AGC of America