Construction employment decreased from June to July in 26 states and the District of Columbia as earlier widespread job gains gave way to more project cancellations, according to an analysis by the Associated General Contractors of America of government employment data. Association officials said construction employment is likely to continue falling in many parts of the country without new federal recovery measures, including liability reform and new infrastructure funding. “Renewed outbreaks of coronavirus in numerous states likely caused many project owners and investors to pull back on planned construction,” said Ken Simonson, the association’s chief economist. “Meanwhile, budget problems in … Read more
Construction Industry Adds 20K Employees in July; Nonresidential Employment Dips, Says AGC
Construction employment increased by 20,000 jobs in July but the gains were limited to housing, while employment related to infrastructure and nonresidential building construction slipped by 4,000, according to an analysis by the Associated General Contractors of America of government data. Association officials cautioned that non-housing construction job losses will continue unless the federal government provides infrastructure funding for state and local budgets, enacts liability reforms and other relief measures. “It is gratifying that the construction industry continued to add jobs in July, but last month’s gains were entirely in residential building and specialty trades,” said Ken Simonson, the association’s … Read more
Construction Industry Adds 158,000 Workers in June, Infrastructure Jobs Decline, Says AGC
Construction employment increased by 158,000 jobs in June, but employment related to infrastructure slipped, according to a newly released analysis by the Associated General Contractors of America of government data. Association officials cautioned that additional infrastructure-building job losses are inevitable unless the federal government replenishes depleted state and local budgets for roads and other public works. “The gain in construction employment in June was concentrated in homebuilding, with scattered increases in nonresidential building, while heavy and civil engineering construction employment—the category that includes many highway and other infrastructure workers—shrank by nearly 10,000 jobs,” said Ken Simonson, the association’s chief … Read more
New Data Shows Signs of Construction Recovery, Need for Federal Assistance
A new survey by the Associated General Contractors of America, and data from construction technology firm Procore, show that construction activity is returning to pre-coronavirus levels in many parts of the country and some firms are adding workers.The new economic data, however, also shows some future projects are being canceled and many others are being delayed by supply chain issues and labor shortages, underscoring the need for additional federal recovery measures, association officials noted. “Many of the immediate economic impacts of the coronavirus have passed and, as a result, activity and hiring are up, a bit,” said Ken Simonson, the … Read more
AGC Reports Construction Jobs Rise by 464K, Remain Below Recent Peak
Construction employment rebounded by 464,000 jobs in May, but the total remained 596,000 below the latest peak in February and the industry’s 12.7% unemployment rate was the highest for May since 2012, according to an analysis by the Associated General Contractors of America of government data. Association officials cautioned that the future job losses are likely as temporary federal support programs end, state and local officials deal with tighter budgets and private sector demand declines later this year. “The huge pickup in construction employment in May is good news and probably reflects the industry’s widespread receipt of Paycheck Protection … Read more