Construction Holds Steady Despite Government Shutdown

Construction Holds Steady Despite Government Shutdown

The government shutdown slowed employment, but construction weathered the storm—a positive sign for a sector still catching up from losses sustained during the recession.

The September jobs report showed that some higher-paying industries added jobs at a healthy pace. Construction companies, for example, added 20,000.

Josh Feinman, global chief economist at Deutsche Asset and Wealth Management says: "The labor market is continuing to create jobs. ...It's just frustratingly slow."

Construction hiring has improved every month since April 2013, the Bureau of Labor Statistics reports.

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