Construction employment edged higher by 2,000 jobs in July, as spending on projects underway in June decreased 0.4 percent from May, according to an analysis of two new government reports that the Associated General Contractors of America released today. Association officials pointed to ongoing tariff and labor uncertainty as the reason many construction owners may be scaling back planned projects.
“Employment growth in construction has slowed over the past year as uncertainty about tariffs and labor availability have caused owners to delay, stretch out, shrink, and cancel projects,” said, Ken Simonson, chief economist of the Associated General Contractors of America. “As more structures that broke ground in past years reach completion, it is likely that industry employment growth will taper off even more.”
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