Construction Employment at Highest Level Since 2009February 9th, 2015 by Editor
Construction employers added 39,000 jobs in January and 308,000 over the past year, reaching the highest employment total since February 2009, according to analysis by the Associated General Contractors of America. The sector’s unemployment rate fell to 9.8 percent.
“Contractors have stayed busy this winter and expect to keep hiring through 2015—if they can find the workers they need,” says Ken Simonson, the association’s chief economist. “The list of projects is growing in most states and most nonresidential segments, in addition to continuing strong demand for apartment buildings.”
Construction employment totaled 6,314,000 in January, the highest level in nearly six years, with a 12-month gain of 308,000 jobs or 5.1 percent, according to the association.
Residential building and specialty trade contractors added a combined 20,100 employees since December and 162,400 (7.2 percent) over 12 months. Nonresidential contractors—building, specialty trade, and heavy and civil engineering construction firms—hired a net of 18,600 workers for the month and 145,600 (3.9 percent) since January 2014.