Construction firms added 16,000 jobs in August, according to an analysis of federal employment data released today by the Associated General Contractors of America. Association officials said their newly released survey, conducted with Autodesk, showed contractors are eager to hire more employees but are being stymied by a dearth of qualified workers.
Total construction spending decreased by 0.4 percent in July as spending on new houses and apartments tumbled, overshadowing a pickup in private nonresidential and public construction, according to an analysis the Associated General Contractors of America released today of federal spending data. Association officials said their newly released survey, conducted with Autodesk, showed labor shortages and supply chain problems are limiting their ability to complete projects, likely undermining total construction spending levels.
Construction employment increased in 250 or 70 percent of 358 metro areas between July 2021 and July 2022, according to an analysis by the Associated General Contractors of America of new government employment data. But association officials cautioned that most construction firms report they are struggling to find enough qualified workers to hire, according to a survey the association and Autodesk will release Wednesday.