The construction industry added 44,000 jobs between September and October as nonresidential construction firms posted back-to-back increases for the first time since January, according to an analysis by the Associated General Contractors of America.
Employment levels remain well below prepandemic totals as firms struggle with supply chain problems and labor shortages.
“It is encouraging to see continuing job growth in nonresidential construction but the industry remains far behind the overall economy in recovering all of the job losses from the pandemic,” said Ken Simonson, chief economist. “Finding workers is a challenge after other sectors have hiring for much longer.”
Construction employment in October totaled 7,498,000, an increase of 44,000 since September. Industry employment remained 150,000 below the prepandemic peak set in February 2020.
The nonresidential segment added 33,000 employees in October, following a pickup of 25,800 in September. Nonresidential employment is 239,000 below the February 2020 level, as the sector has recovered only 63 percent of the jobs lost in the first two months of the pandemic.
Residential construction added 10,900 employees in October. Residential employment tops the February 2020 mark by 89,000. The overall economy has regained 87 percent of the jobs lost between February and April 2020, an indication that many construction workers may have found jobs in homebuilding and remodeling or in other sectors, according to Simonson.
Source: AGC
