Construction Employment Climbs to Highest Levels Since June 2009

Published: May 7, 2014

runneralan2004 / Foter / Creative Commons Attribution 2.0 Generic (CC BY 2.0)

According to government data analyzed by the Associated General Contractors of America (AGC) construction unemployment this April dropped to the lowest April levels in seven years. The industry added 32,000 new jobs, making a total of 6.0 million peopled employed in construction. This is the highest the industry has seen since June 2009 and comprises a gain of 3.3 percent over last year. Another good news is that the industry has been employing workers for more hours.

The growth was observed across all construction sectors. A large chunk of new jobs came from residential building and specialty trades, which combined, added 13,100 new jobs in April and 107,900 new jobs for the past twelve months. “Nonresidential construction—building, specialty trades and heavy and civil engineering contractors—grew by 18,600 employees last month and 81,300 (2.2 percent) since April 2013.”

Naturally, the fact that more employees are working overtime means that employers will soon be looking for even more people to hire.

Read the full press release on AGC’s website.

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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.