Construction Sector Adds 51,000 Jobs In December, But Gains Are Likely Temporary
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January 08, 2021
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Construction employment increased by 51,000 jobs in December, with gains for nonresidential as well as residential contractors, according to an analysis by the Associated General Contractors of America of government data released today. Association officials cautioned, however, that its latest survey shows widespread pessimism among contractors about the volume of work available in 2021, and they urged lawmakers to focus on measures designed to rebuild the economy and demand for construction.
Construction employment climbed to 7,413,000 in December, an increase of 0.7 percent compared to November. However, employment in the sector remains down by 226,000 or 3.0 percent since the most recent peak in February.