Construction firms added jobs in 40 states and the District of Columbia between April 2014 and April 2015 and in 30 states and D.C. between March and April, according to an analysis today of Labor Department data by AGC. Association officials said that even as construction employment continues to expand, workforce shortages and infrastructure funding challenges threaten future growth.
Construction firms added 45,000 jobs in April and 280,000 over 12 months, as the sector's unemployment rate fell to a nine-year April low of 7.5 percent, according to an analysis by AGC of America. Association officials noted that even as the industry continues to expand, growth has been erratic and inconsistent.
Even as construction firms added jobs in 41 states between March 2014 and March 2015, construction employment declined in 29 states and the District of Columbia between February and March, according to an analysis today of Labor Department data by the Associated General Contractors of America. Association officials cautioned that ongoing D.C. gridlock over how to pay for needed infrastructure improvements and declining demand for oil-related projects likely contributed to so many states shedding construction jobs last month.
Construction declined by 1,000 in March but is still up by 282,000 compared to the prior year, as the sector's unemployment rate fell to 9.5 percent, according to an analysis by AGC of America. Association officials noted that declining demand for residential and public sector projects offset gains in other areas to contribute to the overall month job losses.
Construction employment expanded in 278 metro areas, declined in 36 and was stagnant in 44 between February 2014 and February 2015, according to a new analysis of federal employment data released today by AGC of America. Association officials said the job gains come as private sector demand, particularly for multifamily housing, offset declining public sector investments, labor shortages and the challenges of a slowing global economy and declining oil prices.
Construction spending inched down in February from January levels but increased from a year earlier, according to an analysis by AGC of America. Association officials noted that the latest construction figures were held back by declining demand for single family homes and declining public sector investment levels.
Construction employers added 39,000 jobs in January and 308,000 over the past year, reaching the highest employment total since February 2009, as the sector's unemployment rate fell to 9.8 percent, according to an analysis by AGC of America. Association officials said the job gains come as most construction firms report plans to expand headcount this year, but worry about growing shortages of qualified workers.
Construction spending rose in December to a six-year high of $982 billion as public construction for the year increased for the first time since 2009, according to an analysis by AGC of America. Association officials said President Obama's budget proposal and his suggested infrastructure funding program should help construction spending continue to grow by accelerating debate about the best way to fund repairs to the nation's aging roads, bridges, and other public infrastructure.
Construction firms added jobs in 40 states and the District of Columbia between December 2013 and December 2014 while construction employment increased in 38 states and D.C. between November and December, according to an analysis today of Labor Department data by AGC of America.
Eighty percent of construction firms plan to expand their payrolls in 2015 while only 7 percent expect to reduce headcounts according to survey results released today by the Associated General Contractors of America. The survey, conducted as part of Ready to Hire Again: The 2015 Construction Industry Hiring and Business Outlook, indicates that most contractors are optimistic about the year ahead and ready to expand, but will have to cope with challenges including worker shortages and regulatory burdens.