Construction Adding Jobs at Twice the Rate of Overall Economy
Construction job growth rose sharply in March by 37,000 for the month and 301,000 for the year, while construction spending in February logged a solid year-over-year increase despite a dip compared with January, according to an analysis of US Department of Labor data released by the Associated General Contractors of America. Construction employment totaled 6.67 million in March, the most since December 2008, and is up 4.7% from a year ago. That rate of increase was more than double the 2.0 percent rise in total nonfarm payroll employment since March 2015. Reported in SIA Daily News.
