Steel Markets

AGC: Construction Jobs Growing Despite Worker Shortage
Written by Sandy Williams
January 24, 2020
The construction industry added jobs in 34 states and D.C. between December 2018 and December 2019, and 29 states added construction jobs in December, according to an analysis by the Associated General Contractors of America of Labor Department data. Contractors say more jobs will be added to payrolls in 2020, but 81 percent of firms are having difficulty finding qualified workers to hire.
“Construction employment consistently expanded in at least two-thirds of the states throughout 2019, even though contractors reported difficulty in finding qualified workers all year long,” said Ken Simonson, the association’s chief economist. “As long as they are able to continue finding qualified workers, most firms expect to continue hiring this year.”
According to the AGC analysis, Texas added the most construction jobs in 2019 (55,900 jobs, 7.4 percent), followed by California (31,300 jobs, 3.6 percent) and Florida (25,500 jobs, 4.6 percent). Maine added the highest percentage of construction jobs (11.5 percent, 3,100 jobs) since last December, followed by New Mexico (10.8 percent, 5,100 jobs) and Utah (8.6 percent, 9,000 jobs). Construction employment reached a record high in Oregon, Texas, Utah, and Washington.
Sixteen states shed construction jobs in 2019. Ohio lost the largest number of construction jobs (-9,000 jobs, -4.0 percent). Other states with large job losses include Louisiana (-7,000 jobs, -4.8 percent) and Minnesota (-3,600 jobs, -2.8 percent). Wyoming lost the highest percentage of construction jobs during the past 12 months (-9.5 percent, -2,100 jobs). Other states with large percentage losses include West Virginia (-7.2 percent, -3,400 jobs) and Connecticut (-5.5 percent, -3,400 jobs).
Texas added the most construction jobs between November and December (3,800 jobs, 0.5 percent), followed by Ohio (3,400 jobs, 1.6 percent), Florida (3,100 jobs, 0.5 percent), Arizona (1,600 jobs, 0.9 percent) and Iowa (1,500 jobs, 1.9 percent). Iowa added the highest percentage of construction jobs, followed by North Dakota (1.8 percent, 500 jobs) and Ohio.
Construction employment decreased from November to December in 16 states and the District of Columbia and was unchanged in five other states. Nevada lost the largest number of construction jobs (-2,700 jobs, -2.6 percent), followed by West Virginia (-1,600 jobs, -3.5 percent) and Pennsylvania (-1,600 jobs, -0.6 percent). West Virginia also had the largest percentage decline for the month, followed by Nevada and Wyoming (-1.5 percent, -300 jobs).

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Markets

Trading firms Mercuria and Tata International partner in joint venture
Geneva-based global commodities trader Mercuria is set to acquire a majority stake in Tata International, according to a report in India's Economic Times.
Glenfarne Alaska LNG and POSCO ink preliminary partnership
Glenfarne Alaska LNG and POSCO signed a preliminary strategic agreement during the GasTech Conference in Milan on Thursday.

Steel export volumes remain weak through July
Following a 3% decline in June, the amount of steel shipped outside of the US edged up 1% in July to 623,000 short tons. July was the sixth-lowest monthly export rate since the COVID-19 pandemic, and...

Hot-rolled market participants say ‘doldrums’ to roll on through year-end
Participants in the hot-rolled steel sheet market expect the market to remain subdued through the end of the year.

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.