AGC: Construction employment falls to 14-year low in June

AGC of America
July 6, 2010
COMMERCIAL, RETAIL, FABRICATION

Seasonally adjusted construction industry employment slipped in June to the lowest total since July 1996 while the industry's unemployment rate remained at 20.1 percent, more than double the average for all workers, according to analysis of new federal figures by the Associated General Contractors of America.

"The recession may have ended a year ago for most of the economy, but for construction, job losses and business closures continue every month," said Ken Simonson, chief economist for the construction trade association, according to a July 2 AGC of America release.

 

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