AGC Reports on Decrease in Construction Employment

Construction employment lost 104,000 jobs in February and 826,000 jobs over 12 months, according to the Associated General Contractors of America (AGC), Arlington, Va.

Construction employment lost 104,000 jobs in February and 826,000 jobs over 12 months, according to the Associated General Contractors of America (AGC), Arlington, Va. Those losses accounted for one-fifth of the economy-wide decrease over the last year, even though the industry accounts for only one out of 20 employees.

All five construction employment categories experienced sharp declines in jobs: Residential building and specialty trade contractors each lost 15% of employees in a year, while non-residential building, specialty trades, and heavy and civil engineering cut 8.4%. A predictor of demand for future construction, employment in architectural and engineering services lost 16,000 jobs in February and 56,300 over the last 12 months.

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