Construction sector employment rose by 10,000 jobs in November with moderate increases in both residential and nonresidential jobs, according to an analysis of new government data the Associated General Contractors of America released today. Association officials noted that contractors continue to hire amid some softening in demand, a sign they expect demand to rebound again in the near future.
“Job gains in both homebuilding and nonresidential building construction have slowed over the past year,” said Ken Simonson, the association’s chief economist. “But contractors have been hanging onto workers, a sign that they expect work to pick up soon.”