flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Increase notched in construction jobs, but unemployment rate still at 16%

Increase notched in construction jobs, but unemployment rate still at 16%

AGC officials said that construction employment likely benefited from unseasonably warm weather across much of the country that extended the building season.


By By BD+C Staff | February 1, 2012
Total construction employment stands at 5,544,000, or 0.3% higher than a month earlier and 46,000 higher than December 2010.
This article first appeared in the February 2012 issue of BD+C.

Construction employment increased in December 2011 by 17,000, driven by gains in nonresidential construction employment, according the Associated General Contractors of America, Washington, D.C.

AGC officials said that construction employment likely benefited from unseasonably warm weather across much of the country that extended the building season.

“Nonresidential construction is clearly driving [December’s] employment gains,” said Ken Simonson, AGC chief economist. “But it is too early to tell whether those gains came because the weather was good enough for crews to keep working well into December or because demand is truly rebounding.”

Total construction employment now stands at 5,544,000, or 0.3% higher than a month earlier and 46,000 (0.8%) higher than December 2010, Simonson said. He added that the latest employment figures continue a months-long trend of slight gains followed by slight declines in construction employment, and that overall construction employment is still far below its peak level of 7,726,000 in April 2006. Despite the employment increase in December 2011, the industry’s unemployment rose in December to 16%, up from 13.1% in November.

Simonson said nonresidential specialty trade contractors added 20,200 positions, while heavy and civil engineering construction firms that perform the majority of publicly funded construction work shed 300 jobs. Nonresidential building contractors shed 2,700 jobs in December. Residential construction lost 400 total jobs, as the residential specialty trade contractors shed 2,900 jobs and residential builders added only 2,500 positions in December.

Related Stories

| Dec 10, 2014

CannonDesign acquires Astorino, forms design-led design-build division

The merger also extends CannonDesign’s presence in the markets Astorino currently serves, namely Pittsburgh and Abu Dhabi.

| Dec 10, 2014

Must see: Babina's latest illustrations cast famous architecture quotes as colorful road signs

Babina has adapted quotes from famous names such as Frank Lloyd Wright, Alvar Aalto, and Mies Van Der Rohe.

| Dec 9, 2014

Steven Holl wins Mumbai City Museum competition with 'solar water' scheme

Steven Holl's design for the new wing features a reflective pool that will generate energy.

| Dec 9, 2014

ABC economist predicts continued construction industry growth in 2015

In his latest report, ABC's Chief Economist Anirban Basu forecasts nonresidential construction spending to expand by roughly 7.5% next year, led by the power, lodging, office, and manufacturing sectors.

| Dec 8, 2014

How brick and mortar enables online retail

According to a shopping preferences study conducted by A.T. Kearney, as many as two-thirds of shoppers go to a physical store before or after making an online purchase, writes Gensler's Jill Nickels.

| Dec 8, 2014

The year’s boldest BIM/VDC themes

High-speed rendering software, custom APIs, virtual reality tools, and BIM workflow tips were among the hottest BIM/VDC topics in 2014. 

| Dec 8, 2014

AEC firms upbeat about financial results, 2015 looking rosier [exclusive BD+C survey]

The market outlook is brighter for U.S. architecture, engineering, and construction companies, with a majority of AEC firms reporting higher revenues, strong forecasts, and sound financial health, according to BD+C's annual Market Forecast Survey. 

| Dec 8, 2014

The global sanitation crisis leads to 2.5 million deaths every year

When we see the incredible technology being produced by global plumbing manufacturers, it’s hard to conceive why no viable technical solution to the global sanitation issue has come forth, writes BD+C's Robert Cassidy.

| Dec 8, 2014

Moshe Safdie wants to reinvent airports with Jewel Changi Airport addition

A new addition to Singapore's Changi Airport, designed by Moshe Safdie, will feature a waterfall and extensive indoor gardens.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021