Construction Employment Hits Doldrums Early
July 8, 2016
Construction employment was unchanged in June, according to an analysis by the Associated General Contractors of America (AGC).
The association’s press release said that rising wages (up 2.8 percent), longer workweeks and decreasing unemployment suggested that firms would hire more workers if they could find them.
“These indicators, along with reports from contractors, suggest there is a dearth of qualified workers to hire, not a deliberate pullback in hiring,” said Ken Simonson, the association’s chief economist. “Indeed, construction activity and employment should continue to outpace the overall economy in the remainder of 2016.”
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