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Report: Construction Sector Adds 26K Jobs in September
A recent report from the Associated General Contractors of America (AGC) has found that the construction industry grew by 26,000 jobs in September. The Washington, D.C.-based organization reported that most of the gains were in single-family housing, with the sector adding 22,100 jobs.
“Construction is becoming steadily more split between a robust residential component and generally stagnant private nonresidential and public construction activity,” said Ken Simonson, chief economist at AGC. “As project cancellations mount, so too will job losses on the nonresidential side unless the federal government provides funding for infrastructure and relief for contractors.”
The AGC also reported that the construction sector’s unemployment rate stood at 7.1 percent as of the end of September, which was more than double the rate from September 2019 (3.2 percent). The construction sector has lost 318,000 jobs since September 2019.
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