Construction employment declined in 25 states between May and June, even as 39 states and the District of Columbia added construction jobs between June 2014 and June 2015, according to a recent analysis of Labor Department data by the Associated General Contractors of America. Association officials noted that the monthly construction employment declines come as Congress continues to search for ways to pay for new highway and transit investments. “While the year-over-year totals remains relatively positive, the monthly construction employment figures are troubling,” said Ken Simonson, the association’s chief economist. “Investing in transportation infrastructure will make it easier for many … Read more
CMD's June Starts Treaded Water
CMD Group recently announced that June's $30.3 billion of construction starts, excluding residential work, was almost unchanged versus May, -1.0 percent. Starts treaded water in the latest month, which is unusual given CMD's long-term May-to-June gain, due to seasonality, of 4.5 percent. June's month-to-month inertia was a pause after May's extraordinary 37.3 percent leap. May included a couple of mega-sized project groundbreakings, the likes of which weren"t repeated in June. Year-to-date starts in 2015 have also been -1.0 percent relative to the same January-to-June period of last year. Compared with its counterpart month last year, standalone June in 2015 was … Read more
Construction Unemployment Falls to Lowest June Level Since 2001, Officials Warn of Growing Worker Shortage
Construction employment held steady in June at the highest level in six years, while the number of unemployed workers with construction experience fell to the lowest total since 2001, according to a recent analysis by the Associated General Contractors of America. Association officials said the new data indicates contractors are having a hard time finding enough qualified workers to meet growing demand in many parts of the country. “Expanding job opportunities throughout the economy make it increasingly difficult for contractors to find experienced construction workers,” said Ken Simonson, the association’s chief economist. “This scarcity shows up in record work weeks … Read more
Sluggish U.S. Construction Industry Shows No Signs of Momentum
PHOENIX, Ariz. — Rider Levett Bucknall reports that the mainland U.S. construction industry continued its slow growth forward in the last quarter, with no signs of gaining momentum. The report also states that activity for construction put-in-place increased just 1.7 percent above June 2014 figures while the unemployment rate for construction laborers increased during the same period, falling to 7.5 percent in April 2015. The firm reported its findings in its newly released Second Quarter 2015 USA Construction Cost Report. Rider Levett Bucknall tracks construction costs in 12 major U.S. cities. From Jan. 1 through April 1, the national average … Read more
AGC Reports on Construction Employment May Year-Over-Year
Construction employment expanded in 205 metro areas, declined in 101 and was stagnant in 52 between May 2014 and May 2015, according to a new analysis of federal employment data recently released by the Associated General Contractors of America. Association officials noted even though the majority of metro areas are still adding construction jobs, the number of gainers has decreased to the lowest level since April 2013. “Although contractors are continuing to add workers in many parts of the country, construction employment stagnated or shrank in nearly half of all metro areas over the past year,” said Ken Simonson, the … Read more