AGC: Construction Sector Adds Jobs in October

The U.S. construction sector saw an employment boost in October, as firms added 44,000 workers to their payrolls. The increase was supported by a 10.4% decline in the sector’s unemployment rate, while nonresidential construction firms posted back-to-back increases for the first time since January, reports the Associated General Contractors of America (AGC) in its latest analysis of government data.

The employment gains were welcome news, yet employment levels remain well below pre-pandemic totals as firms continue to struggle with supply-chain problems, labor shortages and federal inaction on infrastructure funding, the AGC cautioned.

Construction

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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