Construction employment rose sharply in March by 37,000 for the month and 301,000 for the year, while construction spending in February logged a solid year-over-year increase despite a dip compared with January, according to an analysis by the Associated General Contractors of America. Association officials said the new jobs and spending indicate that the industry is steadily expanding to meet growing demand.
“These two reports confirm that demand for construction is robust and well-balanced among residential, private nonresidential and public segments,” said Ken Simonson, the association's chief economist. “Compared with the same month a year ago, the industry is adding workers at more than double the rate of the overall economy, and construction spending continues to rise at a double-digit pace.”
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