Construction Unemployment at Historic Lows
July 2, 2015
While June construction employment kept even with May’s levels, unemployment in the sector fell to its lowest level since 2001, according to an analysis by the Associated General Contractors of America (AGC).
And average weekly hours rose to 39.9, the highest June level since the series began in 1947.
Association officials warned that the potential shortage of skilled workers could cause problems for large and/or complicated projects.
“Expanding job opportunities throughout the economy make it increasingly difficult for contractors to find experienced construction workers,” said Ken Simonson, the association’s chief economist. “This scarcity shows up in record workweeks for craft workers and flattening of employment totals despite higher construction spending.”
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