Real Estate Articles

Construction Employment Reaches 8-year High, Despite Labor Shortage | By: Nicolas Zepeda

According to recent data form the Associated General Contractors of America, construction employment increased by 11k jobs in May to the highest level since October 2008 even as contractors struggled to find enough workers to meet demand for projects.  According to the report, construction employment totaled 6,881,000 in May – which is 11k more than April’s total and 2.9% higher than one year ago. Residential construction added 7,100 jobs in May.  Non-residential construction employment increased by 4,400 jobs in May.

“Construction firms continued adding new jobs at a faster rate than the broader economy during the past year as demand for their services remains strong,” said Ken Simonson, the association’s chief economist. “Even so, they had to keep employees on the job for more hours because they could not find enough qualified people to hire.”

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