Construction employment increased by 19,000 jobs in July and by 303,000 jobs over the past year, reaching a 10-year high, while the industry’s unemployment rate and level hit an all-time low, according to an analysis of new government data by the Associated General Contractors of America. Association officials said it was likely firms would have added even more workers if they could find qualified candidates to hire.
“The construction industry has added workers at nearly three times the rate of the economy as a whole, and the job gains are showing up in both residential and non-residential construction,” said Ken Simonson, the association’s chief economist. “But it is getting ever harder for contractors to find workers despite offering above-average pay and good career advancement opportunities.”
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