At its nadir during the recession, construction employment fell below 5.5 million nationwide. No industry felt the squeeze of that period in the late 2000s-early 2010s quite like construction, and the climb back has been slow.
However, with total construction employment in Summer 2016 sitting a bit below 6.7 million -- still 1 million below its peak in 2007 -- ...
Construction hiring will be modest with the majority of firms expecting to add 15 or fewer workers during the course of the year, Associated General Contractors CEO Stephen Sandherr said in a conference call with the media.
The ACG published results of a survey on Monday exploring employment outlook for 2013. Among its findings are that 31 percent of contractors ...
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 ...
In the past year, construction hiring increased in 61% of US metropolitan statistical areas, according to a new analysis of federal employment data released by the Associated General Contractors of America.
Data from the Bureau of Labor Statistics (BLS) states that last month, 12,000 jobs were added in this sector, with employment gains coming mostly from residential specialty trade contractors. ...
The U.S. economy is a study in contrasts.
The housing, banking and auto industries are surging back to health and that has helped push the stock market to a five-year peak. Higher prices for homes and stocks tend to make people feel wealthier and spend more.
Yet unemployment remains high and hiring modest. The end of a Social Security tax ...
According to KPMG International’s 2013 Global Construction Survey: Ready for the Next Big Wave?, a majority of companies in the global engineering and construction sector have fresh confidence in the growth prospects for the industry. The Americas have the highest confidence for growth with 90 percent forecasting margins as stable or increasing by more than 2 percent. By contrast, 28 ...
The rapid hiring that made 2014 a stellar year for job gains is showing no sign of slowing down. However, filling openings in some fields is not easy.
This is especially true for construction.
The unemployed don’t have the right skills for the jobs that are available. This view assumes that there are millions of unemployed construction workers or factory ...
