Steel Blog

Construction Unemployment Hits 17-Year Low in September

Friday, October 06, 2017 3:44 PM Written by
Published in Construction

The construction industry added 8,000 jobs in September for its highest level since 2008, but could have hired even more if qualified workers were available, said the Associated General Contractors of America.

Construction unemployment was 4.7 percent in September, its lowest September rate since 2000, said AGC. Average hourly earnings have increased 3 percent from last year to $29.19, nearly 10 percent more than the average nonfarm private sector job in the U.S.


Construction Spending Mixed; Big Drops in Infrastructure

Monday, October 02, 2017 8:43 PM Written by
Published in Construction

The Associated General Contractors of America urged Congress and the Trump administration to include new spending as part of the tax reform proposal to reverse declining infrastructure investment. New investments will offset declining public sector demand and help boost overall economic activity, said AGC.

"It is hard for American employers to be globally competitive when their workers are stuck in traffic and their products are being detoured around crumbling bridges," said AGC CEO Stephen E. Sandherr.

Most major construction spending categories increased from July to August, but activity was mixed compared to spending levels a year earlier, according to an analysis of new government data by the AGC. Association officials noted that big drops in public investments mean infrastructure will continue to deteriorate and impede economic growth.


Lack of Qualified Workers Limits New Construction Jobs

Wednesday, September 27, 2017 7:53 PM Written by
Published in Construction

Construction employment increased in 274 out of 358 metro areas between August 2016 and August 2017, declined in 52 and stagnated in 32, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that the construction job gains come even as 70 percent of responding firms reported having a hard time finding qualified craft workers to hire.


AGC: Construction Adds 6,000 Jobs in July

Friday, August 04, 2017 4:08 PM Written by
Published in Construction

Construction employment increased by 6,000 jobs in July to the highest level since October 2008, amid a tight labor market that may be keeping contractors from hiring as many workers as they need, according to an analysis of new government data by the Associated General Contractors of America. Association officials urged local, state and federal leaders to enact measures designed to expose more high school students to high-paying careers in construction to offset growing labor shortages.


Construction Employment Strongest in Western Metro Areas

Wednesday, August 02, 2017 5:21 PM Written by
Published in Construction

Construction employment made the biggest gains in metro areas in June with particular strength in the western U.S., according to an analysis of data by the Associated General Contractors of America. The largest losses were in the middle or eastern parts of the country, noted AGC Chief Economist Ken Simonson.


Construction spending is suffering from a decrease in public investment said Ken Simonson, chief economist at the Associated General Contractors of America.

"Construction spending is still increasing overall but growth has become much more uneven across categories in recent months," said Simonson. "There has been a steep decline in public investment in nearly all types of construction over the past year. Private nonresidential construction is still rising overall but generally at slower rates than was occurring a few months ago."


High Construction Demand, Low Worker Availability

Sunday, July 23, 2017 3:54 PM Written by
Published in Construction

A shortage of qualified job seekers resulted in only 25 states adding construction jobs between May and June despite strong industry demand, says the Associated General Contractors of America. Forty-one states added construction jobs between June 2016 and June 2017.

"Contractors in most of the country say they have plenty of projects booked and would like to hire more workers if they could find them, so it is likely that some states with monthly employment declines have a shortage of workers available to hire rather than a slowdown in work," said Ken Simonson, chief economist for the association. "Given the low unemployment rate in most states, other industries are competing hard for workers, making it difficult for contractors to find new construction workers, let alone experienced ones."


Construction employment reached its highest level since October 2008, adding 16,000 jobs in June. The Associated General Contractors of America report that, after a three month pause, firms last month added employees at nearly double the rate of the overall economy.


AGC Reports Construction Spending Steady in May

Monday, July 03, 2017 8:06 PM Written by
Published in Construction

Construction spending remained steady in May, reports The Associated General Contractors of America, but the sector continues to be held back by a shortage of skilled labor and political gridlock on infrastructure spending.


Construction Employment Increases in May

Tuesday, June 27, 2017 11:44 PM Written by
Published in Construction

In the year between May 2016 and May 2017, construction employment increased in 243 of 358 metro areas, according to data from the Associated General Contractors of America. The press release from AGC follows:

Riverside-San Bernardino-Ontario, Calif., and Lake Charles, La. Have Largest Year-over-Year Gains; Houston-The Woodlands-Sugar Land, Texas, and Danville, Ill., Experience Biggest Declines for the Year

Construction employment increased in 243 out of 358 metro areas between May 2016 and May 2017, declined in 59 and stagnated in 54, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials noted that construction employment gains in many parts of the country are occurring even as most firms report having a hard time finding qualified workers to hire.


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