The U.S. economic recovery has gained steam since the beginning of the year, with construction firms adding workers at a rapid clip. Though the housing and financial crises, which struck in 2007, effectively eroded demand for such workers, they are witnessing their prospects rise as new construction projects arise.
The Denver Post reports that the metropolitan Denver area is the epicenter of the nascent recovery in construction staffing. While major projects are also underway elsewhere in the U.S., a number of factors have coalesced to help fuel Denver's ascent as a premiere destination for job seekers, according to the news provider.
The Denver-Aurora-Broomfield metropolitan area, which encompasses more than 1 million people, added more than 6,300 construction jobs between February 2011 and February 2012, according to the results of a report the Associated General Contractors of America released this week. That figure ranks as the highest among all metropolitan areas in the U.S. that were tracked by the report.
Greg Schmidt, the president of Saunders Construction, which is based in Centennial, Colorado, said that the construction market has been improving in and surrounding Denver over the past few years. He said that an uptick in public works projects, as well as privately funded ones, has helped drive demand for construction workers.
"It's definitely looking more favorable than it has been," he said. "It's really refreshing to see the market stabilize and start to pick up."
The construction market suffered a major setback in the wake of the recession, but with such metropolitan areas as Denver continuing to show signs of improvement, industry analysts are growing increasingly optimistic about future growth prospects, according to Associated General Contractors of Colorado president Michael Gifford.
"That was a huge decline. Not many industries have suffered that kind of hit," he noted.
Some of the projects that have helped fuel demand for construction staffing are the Colorado Supreme Court building and the South Terminal at Denver International Airport, according to the news provider. Job seekers have increasingly flocked to the region because of its improved job prospects, and state and local officials are working to enact policies that will further bolster demand for such workers.