Construction Employment is High, Unemployment at 14-Year Low —but is there a worm in the apple?
August 7, 2015
Construction employment is at its highest level since February 2009, according to an analysis by the Associated General Contractors of America (AGC) — and unemployment among workers with construction experience is at its lowest level in 14 years.
So why are the association’s officials sounding a somewhat gloomy note?
The sector is so strong, they say, that even more skilled workers could be hired — if they existed.
“It is encouraging to see construction employment rising again, but the industry could hire many more workers if they were available,” said Ken Simonson, the association’s chief economist. “The lack of experienced construction workers may be impeding the industry’s ability to start or complete new projects. The recent acceleration in construction spending may soon level off unless the sector can draw in more workers with the right skills.”
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