Some goods news for the industry came this month with a new report from the Associated General Contractors of America: construction employment hit the highest level since 2009. Unemployment hit a 14-year low. While this is good news, the report indicates reasons to be optimistic, it also highlights some concerns. While July brought employment to a high of 6.383 million, only 6,000 jobs were added that month. That’s less than a third of the monthly average of 19,250 within the last year.
Construction spending rose to 12% between June 2014 to June 2015 to $1.65 trillion annually, according to the U.S. Census Bureau.
To learn more about the report, click below.