They Think We Are IDIOTS!

Read the first line of this hogwash….. (Bloomberg Reporting)

Now come on fellas! The reason is that there is little construction, not because of anything otherwise. Get real!!!!!

Stop trying to make a silver-lining when there is none…..

U.S. workplace deaths fell 17 percent in 2009 to a record low on a decline in construction fatalities, as unemployment surged to the highest level in a quarter century.

There were 4,340 deaths across all industries, compared with 5,214 a year earlier. Fatalities among private construction firms dropped 16 percent in 2009, the Bureau of Labor Statistics said today in a statement.

Workplace injuries have been falling for more than a decade, according to the National Council of Compensation Insurance. Workers‘ compensation insurers that are facing lower sales and rising medical costs may benefit from a decline in job-related accidents as U.S. payrolls continue to shrink. New claims for unemployment jumped 500,000 in the week ended Aug. 14.

“Economic factors played a major role in the fatal work injury decrease in 2009,” the bureau said in the statement.

Liberty Mutual Group Inc. was the largest workers‘ compensation insurer in the U.S. by 2009 policy sales, according to data from the National Association of Insurance Commissioners, followed by American International Group Inc., Travelers Cos. and Hartford Financial Services Group Inc.

U.S. workers‘ compensation insurance, an industry tied closely to payrolls, posted sales that fell for the third straight year as the economic slump curbed employment, according to the NCCI. The jobless rate was 9.5 percent in July.

Construction Spending

Construction spending dropped 15 percent in 2009, the worst performance on record, signaling an industry at the forefront of the economic crisis will be slow to rebound.

Construction has “fallen off a cliff,” said Ed Priz, president of Riverside, Illinois-based Advanced Insurance Management LLC, a consulting firm, in an interview on Aug. 11. “It reflects a shift in the kind of work Americans are doing. There are a lot less hazardous jobs.”

Workplace suicides declined 9.9 percent to 237 last year from a record 263. More people killed themselves at work in 2008 than in any other year since the government started keeping records.

In New York State, 184 workplace deaths occurred compared with 213 a year earlier. Job-related fatalities in New York City fell to 63 from 90 in 2008.

Transportation accidents were the most frequent cause of worker deaths for the second year. The number of fatalities involving cars, trucks, airplanes, trains, and other vehicles was 1,682, compared with 2,130 in 2008. About 20 percent of the deaths were on highways.

Fatalities in agriculture, forestry, fishing and hunting fell to 551 from 672 a year earlier. Deaths in crop production dropped to 278 from 304.

“Any decline in fatalities indicates that element of workers‘ compensation costs is continuing to moderate,” Priz said. “The rapid decline in employment–that‘s got to be a factor.”