Construction employment grew by 84,000 jobs in October, increasing in both nonresidential and residential sectors, an Associated General Contractors of America analysis found.
Total employment reached 7.34 million in October, an increase of 1.2% from September but down 3.9% compared with pre-pandemic numbers in February.
Construction unemployment was 6.8% during the month, or 674,000, the lowest rate since the pandemic hit, but significantly higher than October 2019’s 4.0% unemployment.
AGC surveys found a minority of contractors expect to add jobs in the next year, and the organization anticipates increasing project cancellations will lead to additional construction job losses.
The full AGC report can be found here.
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