High pay attracts workers, but construction's employment gap widens
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Rapidly rising hourly earnings enabled the construction industry to add 36,000 employees in May, but a record number of job openings going into the month suggests contractors want to hire even more workers, according to an analysis by the Associated General Contractors of America (AGC) of new government data.
Spending on nonresidential construction projects declined in April, according to the Associated General Contractors of America and Associated Builders and Contractors.
An analysis of government employment data shows an increase in construction employment across the country, although some areas are having difficulty finding qualified workers. “Contractors are eager to hire more workers but the pool of experienced jobseekers barely exists,” said Ken Simonson,AGC’s chief economist, in a prepared statement. “As a result, employment gains have stalled in too many metros.”
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.