Contractors Turning Down Work Due to Labor Shortages, Says AGC Survey
While construction employment expanded in 223 metro areas in the past year, 25% of firms report labor shortages that are forcing them to turn down work, according to recent analyses by the Associated General Contractors and SmartBrief, a business news and custom content provider.
“Many construction firms looking to expand their payrolls are finding a surprisingly tight labor market,” said Ken Simonson, the association's chief economist. “These expanding labor shortages threaten to impact construction schedules as firms struggle to find enough qualified workers.”