Construction Industry Adds 22,000 New Jobs in July
New government data show the uneven nature of the construction industry’s recovery, as the sector added 22,000 jobs in July but suffered a pullback in spending in June, according to a recent analysis by the Associated General Contractors of America.
“Construction employment and spending are both rising at a moderate year-over-year clip, but there have been some setbacks,” said Ken Simonson, the association’s chief economist. “While prospects for private construction remain largely favorable, inadequate public investment still threatens to keep too many workers idle.”