Nonresidential Construction Employment Retains Momentum in August
Construction industry employment reached a five-year high in August as the sector added 20,000 jobs and its unemployment rate fell to 7.7%, the lowest rate for August in seven years, according to a recent analysis by the Associated General Contractors of America and the Associated Builders and Contractors.
“Construction employment growth has been accelerating and is broad-based,” said Ken Simonson, AGC’s chief economist. “The increase in the past 12 months was the largest since 2006 and was spread among residential, nonresidential building and heavy construction.”