AGC of America Survey Shows More Construction Projects Cancelled, Delayed

While construction added 84,000 jobs in October according to government data, analysis by the Associated General Contractors of America, based on an October survey, shows that an increasing number of projects are being delayed or cancelled.

“The employment data for October is good news, but our latest survey found that only a minority of contractors expect to add to their workforce in the next 12 months,” says Ken Simonson, the association’s chief economist. “As project cancellations mount, so too will job losses on the nonresidential side unless the federal government provides funding for infrastructure and relief for contractors.”