BY BRAD BECKETT ON OCTOBER 12, 2023
Recent analysis from the Associated General Contractors said the construction industry added 11k jobs in September as unemployment rates for the sector remained at historically low levels, prompting contractors to raise pay faster than for other jobs. Click here to read more.
In addition, the AGC pointed out that too few future workers are exposed to construction as a career opportunity, despite the fact that the profession pays very well and typically does not require workers to have a college degree.
“Construction firms have plenty of projects but a dip in nonresidential employment last month shows how hard it has been to find enough skilled workers…Job openings remain stubbornly high, even though the industry has been raising hourly pay at an elevated rate.” Said Ken Simonson, the AGC’s chief economist.