Construction employers added 19,000 workers to payrolls in March, bringing industry employment to the highest level since June 2009, while the industry’s unemployment rate dropped to the lowest March level in seven years, according to an analysis of new government data by AGC. Association officials warned that the pool of available workers is declining rapidly, raising the prospects for significant labor shortages if demand continues to expand.
“The rate of construction hiring continues to outrun job growth in the overall economy for the past year,” said Ken Simonson, the association's chief economist. “Furthermore, the pickup has been well balanced, as both nonresidential and residential construction segments added workers last month and over the past 12 months.”
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