Economy

AGC: Construction Jobs Rise but Many Openings Remain
Written by Becca Moczygemba
August 31, 2023
Construction jobs may have increased year over year in July, but many positions remain unfilled.
According to a report released by the Associated General Contractors of America (AGC), construction employment was boosted in 226 of 358 metro areas between July 2022 and July 2023. The association said there is still demand for various types of construction, but hundreds of thousands of vacant positions remain.
“Demand for construction projects remains strong nationwide and most metros have continued to add construction jobs in the past year,” said AGC’s chief economist Ken Simonson. “But there were 378,000 unfilled job openings in construction at the end of July, which suggests that even more markets would have posted year-over-year employment increases if there were enough qualified workers to fill the openings.”
The Dallas-Plano-Irving area added the most jobs with 18,100, followed by New York City with 13,400. The least amount of jobs added were in Corvallis, Ore., at just 200.
Decreases were seen, with the largest number lost in the Miami-Miami Beach-Kendall, Fla., area, which lost 4,100 jobs.
“We want to understand why firms are having trouble finding qualified workers and the consequences of those shortages,” said the association’s CEO Stephen E. Sandherr.
New workforce data will be released on Sept. 6 as part of the AGC’s and Autodesk’s annual Construction Workforce Survey. Sandherr said the information is “designed to help policy makers and the industry identify steps they can take to prepare, recruit and retain more qualified workers.”

Becca Moczygemba
Read more from Becca MoczygembaLatest in Economy

Architecture firm billings remain down in January
Architecture firms continued to report a sharp reduction in billings in January, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.

New York state manufacturing rebounds in February
Business activity in New York state’s manufacturing sector recovered nicely in February after a sharp decline the previous month, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York. The general business conditions index rose 18 points to 5.7. This is a diffusion index, where a positive reading signifies […]

Dodge Momentum Index jumps to record high in January
The Dodge Momentum Index (DMI) rose to a record high in January, according to the latest data released by Dodge Construction Network.

CRU: China hits back with retaliatory tariffs on US
Targets include coal, liquified natural gas, crude oil, and other commodities

ISM: Manufacturing expands in January for first time in years
Following more than two years of contraction, US manufacturing activity rebounded in January according to the Institute for Supply Management.