Steel Markets
November 9, 2020
AGC: Construction Adds 84,000 Workers in October
Written by Tim Triplett
Construction employment increased by 84,000 jobs in October, with jobs added in both nonresidential and residential categories, according to an analysis of government data by the Associated General Contractors of America. Association officials cautioned, however, that the pandemic is causing a growing number of construction projects to be canceled or delayed, according to a survey the association released in late October.
“The employment data for October is good news, but our latest survey found that only a minority of contractors expect to add to their workforce in the next 12 months,” said Ken Simonson, the association’s chief economist. “As project cancellations mount, so too will job losses on the nonresidential side unless the federal government provides funding for infrastructure and relief for contractors.”
