Construction employment stalled in June as more former construction workers left the industry, according to an analysis of new federal data released by the Associated General Contractors of America. The lack of job openings, along with the departure of experienced workers, suggests a potential skilled-labor shortage may be developing, construction association officials warned. “Employment in the construction industry has fluctuated within a very narrow range—1 percent above or below the June level of 5.5 million—for more than two years now,” said Ken Simonson, the association's chief economist. While the latest figure was 14,000 higher than one year earlier, the June […]

Administration officials significantly underestimated the cost to construction employers of proposed new hiring quotas for federal contractors according to a new analysis released by the Associated General Contractors of America. According to the analysis, a proposed new hiring quota for the disabled would cost employers 30 times more than officials predict, while a new hiring quota for veterans would cost employers 20 times more than originally estimated. “The administration has grossly underestimated the financial and administrative burdens that these new rules would impose, particularly on small businesses,” said Brian Turmail, the association's spokesperson. “If the proposed rules take effect, many […]