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November 18, 2004

Construction Industry Spotlight -- Economist: jobs drive local construction

  • U.S. Bank's John Mitchell says non-residential construction is picking up but is still relatively weak.
    • By TERRY STEPHENS
    Special to the Journal

    A stronger economy in the Pacific Northwest is contributing to growth in many areas of the construction industry, but real growth will be driven by employment increases, which are still sluggish in Washington state.


    ‘We are in only the second year of employment growth. And it’s employment, not productivity, that is a major driver of construction...’

    --John Mitchell,
    U.S. Bank

    That was the assessment of U.S. Bank economist John Mitchell earlier this month when he addressed more than 100 members of the Northwest Construction Consumer Council at its annual meeting in Seattle.


     
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