Construction sector employment increased by 4,000 positions in May as rising wages enabled the industry to add workers more rapidly than other sectors, according to an analysis of new government data the Associated General Contractors of America released today. Association officials noted that the industry has been adding jobs each month for over a year, but the increases have slowed amid recent market uncertainty.
“Nonresidential construction firms added employees in May for the 13th month in a row,” said Ken Simonson, the association’s chief economist. “However, constant changes in tariffs and other policies that are affecting the cost and demand for construction have led to a significant slowdown in hiring.”
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