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Construction employment increases in August

Construction employment increased by 28,000 jobs in August, but contractors continue to face a lack of experienced workers, according to www.agc.org.

"Construction firms have stayed busy, adding employees in the past year at nearly twice the rate of employers throughout the economy, but more than two-thirds of contractors report difficulty finding craft workers as the number of unemployed, experienced construction workers hit a 17-year low in August," says Ken Simonson, chief economist for the Associated General Contractors of America (AGC). "Although construction spending has fluctuated recently, many contractors are still looking for qualified craft workers and project managers."

Construction employment totaled 6.918 million in August, an increase of 28,000 from July and 214,000, or 3.2 percent, from August 2016.

The growth rate from August 2016 to last month was nearly double the 1.7 percent uptick in total nonfarm payroll employment over that period. The number of unemployed individuals whose last job was in construction fell for the eighth consecutive year to 448,000—the lowest August total for the series since 2000.


9/11/2017




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