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November 29—December 1, 2023
The Diplomat, Hollywood, FL

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March 14, 2023

Construction Sector Adds 24,000 Employees

ARLINGTON, VA - Construction firms added 24,000 employees in February, as pay raises for hourly workers enabled the industry to increase employment more steeply than other sectors, according to an analysis by the AGC.

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March 14, 2023

Construction Sector Adds 24,000 Employees

ARLINGTON, VA - Construction firms added 24,000 employees in February, as pay raises for hourly workers enabled the industry to increase employment more steeply than other sectors, according to an analysis by the AGC.

ARLINGTON, VA – Construction firms added 24,000 employees in February, as hefty pay raises for hourly workers enabled the industry to increase employment more steeply than other sectors, according to an analysis by the Associated General Contractors of America of new government data. Association officials said that while employment levels are now at record levels in the industry, future job gains will be hard given the lack of people who have been exposed to construction career opportunities.

“Average hourly earnings for craft and office workers in construction have consistently risen more sharply than across the private sector as a whole for several months,” said Ken Simonson, the association’s chief economist. “That has helped the industry add employees at a strong clip—but many more are still needed.”

Construction employment totaled a record 7,918,000, seasonally adjusted, in February, an increase of 249,000 or 3.2 percent from a year earlier. That growth rate exceeded the 2.9 percent rise in total nonfarm employment.

Nonresidential firms—comprising nonresidential building and specialty trade contractors along with heavy and civil engineering construction firms—added 11,600 employees in February and 158,700 employees or 3.5 percent over 12 months. Residential building and specialty trade contractors together added 12,400 employees for the month and 90,300 employees or 2.8 percent over the year.

Pay levels in the construction industry climbed in February at a faster pace than in the overall private sector for the sixth-straight month. Average hourly earnings for production and nonsupervisory workers in construction—mostly hourly craft workers—rose by 6.1 percent, from $31.63 in February 2022 to $33.57 last month. That increase topped the 5.3 percent rise in average pay for all private sector production workers. Workers in construction now earn an average of 18.1 percent more per hour than in the overall private sector.

Association officials said that while firms have had success recruiting workers by offering higher pay levels, the pool of qualified workers remains tight. They noted that relatively few new workers are exposed to construction while in school, which is a consequence of meager federal funding for career and technical education. They urged the Biden administration to boost funding for construction education programs.

“Construction firms are doing everything they can to bring in new workers to keep pace with demand,” said Stephen E. Sandherr, the association’s chief executive officer. “But it is hard to recruit workers who have never been exposed to the industry and don’t appreciate the amazing pay, benefits and satisfaction that comes with a career in construction.”

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Spotlight – Workplace Safety

ALBANY, N.Y. – Last month, Third Thursday heard from Carol A. Sigmond, partner at New York-based Greenspoon Marder LLP. Sigmond analyzed the fallout from recent NY state legislation to increase penalties for criminal corporate liability.

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Workplace Safety: Past, Present, And Future

ALBANY, N.Y. - In light of the newly-signed Carlos' Law, contractors' liability for the death or injury of employees could be up to $500,000. What does it mean and what is a strong safety culture?

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Construction Sector Adds 24,000 Employees

ARLINGTON, VA - Construction firms added 24,000 employees in February, as pay raises for hourly workers enabled the industry to increase employment more steeply than other sectors, according to an analysis by the AGC.

Latest News Latest NewsNews

Spotlight – Workplace Safety

ALBANY, N.Y. – Last month, Third Thursday heard from Carol A. Sigmond, partner at New York-based Greenspoon Marder LLP. Sigmond analyzed the fallout from recent NY state legislation to increase penalties for criminal corporate liability.

Latest News Latest NewsNews

Bipartisan Plan For Infrastructure Proposed

WASHINGTON, D.C. - Florida Congressman Daniel Webster (R-FL), and Texas Congressman Colin Allred (D-TX) introduced H.R. 490, the bipartisan Federal Infrastructure Bank Act of 2023, a bill to support capital access for infrastructure projects.

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Construction Sector Adds 25,000 Employees

ARLINGTON, VA - Construction firms added 25,000 employees in January and raised wages for hourly workers more steeply than other sectors, according to an analysis by the Associated General Contractors of America.

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Survey: Optimism Dims For Private Sector Construction

ARLINGTON, VA - Construction contractors are less optimistic about many private-sector segments than they were a year ago, but their expectations for the public sector market have remained relatively bullish.

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Analysis: Restrictive Covenants And Non-Competes

RIVER EDGE, N.J. - The legal landscape with regard to non-compete agreements and other types of restrictive covenants has been tenuous for decades.

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