Steel Markets
August 7, 2020
AGC: Construction Adds 20,000 Jobs in July, Primarily in Housing
Written by Sandy Williams
The construction industry reported 20,000 new jobs in July, but almost all were in new housing construction, says the Associated General Contractors of America.
“It is gratifying that the construction industry continued to add jobs in July, but last month’s gains were entirely in residential building and specialty trades,” said AGC Chief Economist Ken Simonson. “It is likely that many nonresidential jobs are in jeopardy following the completion of emergency projects and ones begun before the pandemic. Projects that had been scheduled to start this summer or later are being canceled by both public agencies and private owners, while few new facilities are breaking ground.”
