Construction Employment Reaches 10-Year High
Last week, the Associated General Contractors of America published an article highlighting the boost in construction related employment but warned against the threats of future growth.
Per the article, posted here, construction employment has reached a 10-year high with the industry adding 13,000 jobs in June alone. 282,000 jobs have been added for the year thus far. The hourly earnings of an employee in the industry top the private sector by 10.1%. While the tax and regulatory reform and recent increases in infrastructure investments have helped boost employment, there are some threats to future growth. These threats include trade fights and labor shortages.