NJECPAC & NJ-IEC Partnering to Protect You And Your Business

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New Jersey, United States
NJECPAC is a Continuing Political Committee (CPC). A CPC is any group of two or more persons acting jointly, or any corporation, partnership, or any other incorporated or unincorporated association, civic association or other organization, which in any calendar year contributes to aid or promote the candidacy of an individual, or the candidacies of individuals, for elective public office, or the passage or defeat of a public question or public questions, lobby for the passage or defeat of certain legislative bills introduced in the NJ Legislature in accordance with N.J.S.A. 19:44A-8(b). A CPC is frequently referred to as Political Action Committee (PAC). The NJECPAC was formed to provide funding for legislative initiatives of its members and its member organizations representing the interests of Electrical Contractors, Small Businesses and Taxpayers throughout the State of New Jersey.

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Monday, December 13, 2010

Unemployment Rate In Construction Rises To 18.8%

Construction Unemployment Rate Remains The Highest For Any Industry

The Unemployment Rate in Construction rose to 18.8 percent in November losing another 5,000 jobs since the end of October. Thats Roughly double the overall rate as federal projects remain the only bright spot for the Industry

The newly released Federal Government figures show the construction sector has experienced a higher rate of unemployment than any other Industry during this economic downturn.

"The unemployment report shows construction still has not broken free of the recession that has gripped the industry since 2006," said Ken Simonson, the AGC Association's chief economist. "Other than the stimulus and other temporary federal programs, it has been a pretty bleak four yours for the industry." Read More

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