US construction jobs crest Great Recession trough
US construction employment has hit its highest level since the Great Recession, Kallanish learns from the Associated General Contractors of America (AGCA).
US construction employment reached 6.669 million workers in September, up 0.35% from August and up 3.4% from September 2015. That figure is the highest since 2008.
"Demand for construction remains quite strong but contractors continue to struggle to find qualified workers," says AGCA chief economist Ken Simonson. "The monthly declines the industry experienced during the summer were likely caused by worker shortages instead of shortages of work for many firms."
Employment for residential construction jobs have increased about 5.9% year on year, while non-residential construction employment has risen about 1.8%.
Employment bottlenecks, however, remain an anchor on top-line growth.
"Just because contractors were able to find people to hire last month doesn't mean the industry's labour shortages are over," says AGCA ceo Stephen Sandherr. “Senators can make it easier for schools to teach the skills local employers need so we can put more people to work in high-paying construction careers."
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Anonymous
Very good overview of the weekly steel market.
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