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Legislative & Special Projects, Pine Bluff Sand & Gravel
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Construction Employment Rises by 38,000 in December and 280,000 in 2018; Hourly Pay Jumps 3.9 Percent, Unemployment Rate Falls to 5.1 Percent

January 4, 2019

Construction employment increased by 38,000 jobs in December and by 280,000 jobs, or 4.0 percent, over the past year, while the industry’s average pay accelerated and unemployment decreased to a historic low, according to an analysis of new government data by the Associated General Contractors of America. Association officials added that most contractors report they plan to continue hiring in 2019, according to the association’s annual outlook that was released earlier this week.

“Demand for construction remains strong across most project types and locations,” said Ken Simonson, the association’s chief economist. “Job growth and pay increases in construction are outpacing those in the overall economy. But contractors continue to have difficulty finding qualified workers with the number of unemployed workers who have construction experience at the lowest December level in 19 years.”

Read full news release here

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