Construction Employment Declines as Material Costs Soar

BY  ON JUNE 29, 2021

The Associated General Contractors of America says construction employment in May remained below April’s level in 40 states and the District of Columbia. They say skyrocketing material prices as well as excessive delays in receiving construction supplies were holding back the industry’s recovery. Click here to read more.

The largest declines occurred in New York,  Illinois and Pennsylvania.  Indeed…

“Today’s numbers show that impacts from the pandemic on demand for projects and on materials costs and the supply chain are weighing down construction in most parts of the country…In the few states where industry employment has topped the pre-pandemic levels of February 2020, most gains are likely attributable more to demand for homebuilding and remodeling than to most categories of nonresidential building and infrastructure projects.”  Said Ken Simonson, the AGC’s chief economist.

Click here to read the full report at the Associated General Contractors of America.

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  • Hamza Ashfaq
    published this page in Updates 2021-07-08 02:38:31 -0600