The Associate General Contractors of America (AGC) announced yesterday that construction employment is at a 14-year low.
Association officials noted, “The construction industry continues to suffer from declining investments in construction and broad uncertainty about the future of many federal infrastructure programs and tax rates.”
The unemployment rate for the construction industry stands at 17.2%, while the overall U.S. unemployment rate was 9.6%.
Many economists believe that looking at planned construction projects and the employment rate of construction jobs is a way to see where the economy is headed. This would mean, our recovery at this point is still slow.