Construction employment rebounded by 464,000 jobs in May, but the total remained 596,000 below the latest peak in February and the industry’s 12.7 percent unemployment rate was the highest for May since 2012, according to an analysis by the Associated General Contractors of America of government data released today. Association...
Construction Jobs Rise By 464,000 Jobs But Remain 596,000 Below Recent Peak; Association Calls For Infrastructure Funds To Stem Losses, Aid Economy
Gains in May Reflect Temporary Support from Paycheck Protection Program Loans and Easing of Construction Restrictions, But Hobbled Economy and Tight State and Local Budgets Risk Future Job Losses
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