Page 23 - Ken Simonson News Today

Construction employment exceeded pre-pandemic levels in 32 states in March, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said the government should support more career opportunities to enable people to work in the industry.

The construction industry is in the midst of a period of exceptionally steep and fast-rising costs for a variety of materials, compounded by supply-chain disruptions and difficulty finding enough workers, which could threaten the financial health of many contractors.

The pretty picture is slowly starting to get ugly for pricey property purchases and projects promulgated in a long period of record-low rates.

Prices of materials and services used in new nonresidential construction jumped more than 21 percent from March 2021 to March 2022, according to an analysis by the Associated General Contractors of America (AGC) of government data.

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.

Washington, DC, April 11, 2022— Construction employment increased from February 2020—the month before the coronavirus pandemic—to February 2022 in nearly three-fifths of U.S. metro areas, according to an analysis by the Associated General Contractors of America of new government employment data.

Construction employment increased from February 2020 to February 2022 in nearly three-fifths of U.S. metro areas, according to an analysis by the Associated General Contractors of America. “The rebound in construction employment in most metros shows there is robust demand for infrastructure and nonresidential buildings, as well as housing,” said Ken Simonson, AGC chief economist, in a prepared statement. “But contractors in many areas say they would hire even more workers if there were e...

Four metro areas in the state show gains in jobs over the past 24 months, while two show declines, according to a new analysis.

Overall construction employment climbed by 19,000 jobs between February and March, according to an analysis by the Associated General Contractors of America of government data. “Construction is contributing significantly to the expansion of employment and the overall economy,” said Ken Simonson, the association’s chief economist, in a prepared statement. “But the sector is facing growing challenges in terms of filling job openings, obtaining materials, and keeping up with soaring wages a...

Construction employment exceeded pre-pandemic levels in 32 states in February, according to a new analysis of federal employment data released by the Associated General Contractors of America (AGC), but its officials warned the gains may be undermined if skyrocketing materials costs and delayed shipments cause owners to postpone or cancel projects.