AGC Talks Stimulus With Federal Reserve

• LeeAnn Maton
• June 29, 2009

 

AGC Chief Economist Ken Simonson (right), along with other members of the National Association for Business Economics, recently briefed Chairman Ben Bernanke and Governor Dan Tarullo of the Federal Reserve about the state of the economy.

In his May 19 briefing, Simonson "told the governors that respondents to his 12,000-reader Data DIGest have begun to report receiving some stimulus contracts and have seen an improvement in the state and local bond market, but no loosening of credit for developer-financed construction projects," according to AGC.

Simonson also met with other senior officials and statisticians to offer information on stimulus contracts and hiring, and suggest data that might be helpful to the construction industry. Read the full story here.

In other AGC news, the association has also posted new fact sheets about construction in every state, including the estimated impact of an additional $1 billion in stimulus funding on construction spending on a state's economy. Click the following links to read the fact sheets for Chicagoland and Illinois, or access fact sheets for all states here.The reports also include the change in construction employment from May 2008 to May 2009.