National trend: Construction industry adds 60,000 jobs, wages up 6%
Hourly wages posted their steepest rise since 1982; competition for workers is expected to intensify.
Stay updated with breaking news from Ken Simonson. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Hourly wages posted their steepest rise since 1982; competition for workers is expected to intensify.
Cindy Axne claimed inflation is not caused by the increase in government spending mainly advanced by Democrats during and after the pandemic.
Both the Associated General Contractors (AGC) and the Associated Builders and Contractors (ABC) have reported that construction added 60,000 jobs in February, according to the groups' analyses of government data.
The ongoing recovery from recent storms continues to support job growth in the construction industry, says Ken Naquin, CEO of Louisiana Associated General Contractors.
Construction spending increased in January to $1.68 trillion, up 8.2 percent over the same period in 2021, according to the Associated General Contractors of America. Compared to December, spending increased 1.3 percent. Gains were strong in private nonresidential and residential construction, but mixed for public spending, according to the group.