Construction Firms Add 19,000 Workers, Unemployed Workers Hits Low

Construction firms added 19,000 workers in February, as the number of unemployed construction workers was at the lowest February total since the series started in 2000, according to an analysis of new government data by the Associated General Contractors of America. Association officials said, however, that sluggish gains in nonresidential construction employment may reflect the fact contractors are having difficulty finding workers to keep up with growing demand. “The overall picture for construction employment is very positive with robust job growth and very little unemployment,” said Ken Simonson, the association’s chief economist. “Yet it appears that many nonresidential construction firms … Read more

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Construction Firms Add 18,000 Workers in January, Unemployment Falls to 17-Year Low

Construction firms added 18,000 workers in January, as the industry’s unemployment rate declined to a 17-year low of 8.5 percent, according to an analysis of new government data by the Associated General Contractors of America. Association officials noted that the number of construction jobs added in January was down compared to the last three months of 2015 and could reflect either a slowdown in nonresidential construction activity or an inability of contractors to find qualified workers. “While the construction industry continues to add jobs, the January figures mark a significant decline in the rate of growth compared to the end … Read more

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