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| Construction Employment Up
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Severe weather didn't stop construction employers from hiring in Feb, adding 15,000 workers to bring employment in the industry to its' highest level since 2009. However, rising lumber prices and possible worker shortages are expected to continue to challenge progress this year.
“While demand for construction employees is rising at a healthy clip, workers are still leaving the industry faster than they are being hired,” says Ken Simonson, chief economist for the Association of General Contractors. "In the past four years, nearly a million experienced workers have left the industry for jobs in other sectors, retirement or school."
More on this and other stories can be found inside today's LBM Daily newsletter. |
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