Steel Markets
June 20, 2020
Construction Employment Jumps in May
Written by Sandy Williams
Construction employment rebounded in May in 45 states and D.C., according to an analysis of government data by the Associated General Contractors of America. The jump in employment follows the loss of nearly one million jobs in April, but may be short-lived, said AGC officials.
“The widespread uptick in construction employment in May is welcome news following a month in which industry employment shrank in all but one state,” said Ken Simonson, the association’s chief economist. “Our association’s latest survey shows many firms have been recalling or adding employees in recent weeks, thanks in part to rapid receipt of Paycheck Protection Program loans. But only about one-fifth of firms report winning new or expanded projects, while almost one-third of firms say an upcoming project has been canceled.”
