Construction Industry Adds 5,000 Jobs Nationally in April
After years of declines, the construction industry finally added jobs � 5,000 of them � in April, while the industry�s unemployment rate declined slightly to 17.8%, according to an analysis of new federal employment data released this week by the Associated General Contractors of America.
“The construction industry may have stopped bleeding jobs, but there is no sign that employment levels are set to bounce back,” says Ken Simonson, the association’s chief economist. “With declines in public sector investments likely to offset increases in some private sector construction activity, we are unlikely to see significant increases in construction employment for the foreseeable future.”