Construction Firms Add 19,000 Jobs In July
Arlington, VA - The
construction industry added 19,000 jobs in July even as the sector’s
unemployment rate increased, according to an analysis of new government
data the Associated General Contractors of America released today.
Association officials noted that tight labor conditions are bringing
more previously employed construction workers back into the job market
as firms continue to boost pay levels.
construction industry continues to add workers at a steady clip as
demand for many types of construction remains strong,” said Stephen E.
Sandherr, the association’s chief executive officer. “Firms are boosting
pay to cope with tight labor market conditions, which is bringing more
former workers back into the job market.”
employment in July totaled 7,971,000, seasonally adjusted, an addition
of 19,000 compared to June. The sector has added 198,000 jobs or 2.5
percent during the past 12 months. Nonresidential construction
firms—nonresidential building and specialty trade contractors along with
heavy and civil engineering construction firms—added 10,600 employees
(3.1 percent) in July. Meanwhile, employment at residential building and
specialty trade contractors grew by 7,800 (1.8 percent).
unemployment rate among jobseekers with construction experience rose
from 3.5 percent in July 2022 to a still-low 3.9 percent. A separate
government release earlier this week reported there were 378,000
openings at construction firms on the last day of June, close to the
record high for June set in 2022 and indicating that demand for workers
hourly earnings for production and nonsupervisory employees in
construction—covering most onsite craft workers as well as many office
workers—jumped by 5.8 percent over the year to $34.24 per hour.
Construction firms in July provided a wage “premium” of just over 18
percent compared to the average hourly earnings for all private-sector
officials said that labor shortages in construction threaten to
undermine new federal investments in infrastructure, semiconductor chip
plant and green energy construction. They urged federal officials to
boost funding for construction education and training programs, noting
the federal government currently spends five times as much encouraging
students to go to college as it does on career and technical education
federal officials begin to narrow the funding gap between college prep
and career training the construction industry will continue to struggle
to find workers,” said Sandherr. “It is great that federal officials
want to invest in construction projects, they also need to invest in
construction workforce development.”
View the construction employment data.
About The Associated General Contractors Of America
The Associated General Contractors of America (AGC) is a leading association for the construction industry. AGC represents more than 26,000 firms, including over 6,500 of America’s leading general contractors, and over 9,000 specialty-contracting firms. More than 10,500 service providers and suppliers are also associated with AGC, all through a nationwide network of chapters. To learn more, visit www.agc.org.