Construction Employment Decreases in May; Labor and Materials Shortages Frustrate Job Growth, Says ABC
The construction industry lost 20,000 jobs on net in May, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Overall, the industry has recovered 888,000 (79.8%) of the jobs lost during earlier stages of the pandemic.
Nonresidential construction employment declined by 21,800 positions on net, with the majority of losses sustained among nonresidential specialty trade contractors, a segment that lost 16,800 jobs. Heavy and civil engineering lost 5,500 jobs, while nonresidential building added 500 jobs on net.