Construction unemployment rises to 10%

By Andy BrownMarch 11, 2021

Construction unemployment rose to 10% in February 2021

Almost 10% of construction workers in the U.S. are unemployed amid severe winter weather and continuing weakness in new nonresidential projects, according to an analysis of government data by the Associated General Contractors of America (AGC).

The AGC has reported construction employment declined by 61,000 from January to February, the first overall decline since April 2020. Employment totalled 7,340,000, a decrease of 4% from the most recent peak in February 2020.

“The steep decline in construction employment in February continues a downward trend in nonresidential activity that began before the disruptions caused by last month’s freezes and power losses,” said Ken Simonson, the association’s chief economist. 

“Despite recovery in some parts of the economy, private nonresidential construction is still experiencing many cancelled and postponed projects and few new starts.”

U.S. Secretary of Transportation Pete Buttigieg recently indicated that now was a ‘once in a lifetime’ moment for the country to invest in infrastructure.

“Washington officials can’t change the weather, but they can help boost demand for infrastructure, address spiking steel and lumber prices and avoid anti-recovery measures like the PRO Act,” said Stephen E. Sandherr, CEO of AGC.

MORE ARTICLES FROM CONEXPO-CON/AGG 365 NEWS
Hilti rolls out Nuron cordless battery platform with over 60 new tools
North America gets dibs on the 22V technology that allows cordless tools to do the work that once required gas-powered or higher voltage battery systems
Doosan’s new DX50Z-7 mini excavator teases new line
Doosan shows off one of a new line of mini excavators available for the first time in North America, featuring bigger cabs, greater visibility and the ability to use complex attachments
Wirtgen unveils complete concrete paving train
Also new is an innovative system reported to make construction sites more efficient through the ability to flexibly and rapidly change working widths when paving with the TeleMold