Steel Markets
October 1, 2020
AGC: Construction Job Losses Mount Due to Project Cancellations
Written by Sandy Williams
Construction jobs in metro areas fell by two-thirds from August 2019 to August 2020, said the Associated General Contractors of America in their latest analysis of government data. Construction employment decreased in 241, or 67 percent, of 358 metro areas during the period.
“Although residential construction is picking up in many areas, public and nonresidential construction are shrinking,” said Ken Simonson, the association’s chief economist. “Project cancellations are spreading, and fewer new projects are starting up. That combination makes further employment declines inevitable unless the federal government steps up support for infrastructure.”
