Construction employment increased in fewer than half of the nation’s metro areas between July 2014 and July 2015, the weakest expansion since late 2011, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted that the new jobs data comes while a series of vital federal infrastructure funding measures, notably the surface transportation program, languish unfinished in Congress.
“Although construction employment and spending are still expanding well overall, the gains are increasingly spotty,” said Ken Simonson, the association’s chief economist. “Uncertainty over funding for transportation infrastructure, a contraction in oil and gas drilling, and turmoil in international markets have left many local construction markets behind even as others grow strongly.” Read full press release here.