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Home » Construction Employment Stalls In January With Unemployment Rate Of 9.4 Percent As New Measures Threaten To Undermine Sector’s Recovery
Economics

Construction Employment Stalls In January With Unemployment Rate Of 9.4 Percent As New Measures Threaten To Undermine Sector’s Recovery

February 5, 2021Updated:December 11, 2023No Comments1 Min Read
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Construction Employment Stalls In January With Unemployment Rate Of 9.4 Percent As New Measures Threaten To Undermine Sector’s Recovery
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Construction employment stagnated in January, ending eight months of recovery from the pandemic-related losses of early 2020, according to an analysis by the Associated General Contractors of America of government data released today. Association officials added that new measures being considered in Congress, including the PRO Act and the National Apprenticeship Act, threaten to undermine the sector’s recovery by disrupting ongoing projects and hampering employers’ ability to train workers.

“The stagnation in construction employment in January may foreshadow further deterioration in the industry as projects that had started before the pandemic finish up and owners hold off on awarding new work,” said Ken Simonson, the association’s chief economist. “With so much of the economy still shut down or operating at reduced levels, it will likely be a long time before many nonresidential contractors are ready to hire again.”

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Building Construction Data Federal/Heavy Highway Infrastructure Utility
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