In Bay Street Central Construction is hiring a lot of people. It seems like the world has shifted to the west coast and over the last few years construction in Bay Street has taken off.
The building boom is starting to become the new world of business and the locals are jumping in to own their own turf. Now with the economy going south, construction employment has just about completely dried up, and Bay Street has become a tundra, not an oasis.
Over the past year and a half there was about a 40% increase in construction jobs in the business district. Not all the jobs were full time, but it was the city looking for an influx of construction workers. There were other sectors of the economy that were affected, such as real estate.
Since the economy has cratered a few economists are beginning to suggest that Bay Street Central Construction is in for trouble. While there are more construction jobs on the books, there isn’t enough to keep them. When you think about the extra work being added to the company’s overall payroll, that’s money not being spent elsewhere in the city, or with the work force.
What is keeping Bay Street Central Construction in business is people. The people will keep coming, and the construction workers, mostly because of the wages, which are higher.
Some construction jobs might have gotten a little soft because of the economic downturn, but the construction industry is still a strong and competitive business. At this point, hiring is increasing, not the same as it was a year ago. The housing market is still on the rebound, so there are more construction jobs to be had.
Take the office of Bay Street Central Construction for instance. They have been looking for construction workers for months. Instead of all the money, there were other things on the table in terms of incentives.
The growth of the commercial district is putting a lot of new construction in place. Some of the bigger construction projects are bringing in a lot of contractors that may not have been in the market for a while. When that happens, the overall business environment is starting to improve, but when the job market takes a dip, it’s a double whammy.
Bay Street Central Construction is trying to come up with solutions to getting around the problem, which is why they are still hiring and getting a rush in to get the job done. As long as there is money coming in, people are coming to work.
The Bay Street office has their own building supply chain, which has to cater to everyone, whether you are renting a building or looking to purchase a building. It’s a benefit to their workforce that allows them to maintain a workforce of experienced, strong individuals. People don’t leave, so there’s always a solid community of construction workers to work with.
Even with the economic downturn, Bay Street Central Construction is still hiring. But they might be looking for construction workers. The world is on the move and the construction world is keeping up.