Construction Industry Adds 60k Jobs In February
According to recent data from the Associated General Contractors of America, construction employment increased by 60k jobs between January and February, 2022, marking the steepest pace in nearly 40 years. AGC officials said the industry will need to hire hundreds of thousands of additional workers in each of the next several years to complete projects that will be funded by the recently enacted bipartisan Iifrastructure law, as well satisfying the continuing demand for homebuilding and private nonresidential structures.
“All segments of construction added workers in February,” said Ken Simonson, the association’s chief economist. “However, filling positions remains a struggle, as pay is rising even faster in other sectors.”