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    Analysis

    June 5, 2022

    April Construction Spending Down on Workforce Shortages: AGC

    Written by David Schollaert

    Spending on nonresidential construction projects declined for the second straight month in April because labor shortages suppressed construction activity, the Associated General Contractors of America (AGC) reported.

    construction2“Nonresidential construction spending is being held back by a paucity of qualified workers, not a lack of projects,” AGC chief economist Ken Simonson said. “With job openings at an all-time high and the industry’s unemployment rate at the lowest ever for April, finding workers is contractors’ top concern.”

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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