The continued flow of new jobs — an additional 17,000 in May and 273,000 over 12 months — has brought May construction unemployment to its lowest level in 10 years, according to an analysis by the Associated General Contractors of America (AGC).
All sectors of the industry added jobs.
“Construction employers continue to expand headcount as they adjust to growing demand for their services in many parts of the country,” said Ken Simonson, the association’s chief economist. “Right now the two most likely obstacles to the industry’s continued expansion are growing labor shortages and political gridlock that could curtail public sector investments in infrastructure and construction.”
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