Construction employment hits five-year high, says AGC
Construction industry employment reached a five-year high in August as the sector added 20,000 jobs and its unemployment rate fell to 7.7%. According to the Associated General Contractors of America, this is the lowest rate for August in seven years.
“Construction employment growth has been accelerating and is broad-based,” said Ken Simonson, the association's chief economist. “The increase in the past 12 months was the largest since 2006 and was spread among residential, nonresidential building, and heavy construction.”