US’ construction industry’s employment drops by 15,000 jobs in March

By Sophie Chapman
Employment in the US’ construction industry declined in March, as the sector lost 15,000 jobs. This follows the 65,000 new positions that opened in t...

Employment in the US’ construction industry declined in March, as the sector lost 15,000 jobs.

This follows the 65,000 new positions that opened in the previous month, which was a 4,000 job increase on January’s recorded 61,000 new jobs.

Year-on-year, March noted an additional 228,000 jobs in the construction industry in America.

However, the non-residential sector saw a loss 8,200 jobs – 54.6% of the nation’s total.

SEE ALSO:

Within the sector, the non-residential building subsector saw an additional 2,200 jobs created, whilst the heavy engineering subsector lost 3,600 jobs and the non-residential speciality trade contractors subsector recorded a job decline of 6,800.

The 7.4% unemployment rate in March this year was the lowest the month had ever recorded, according to the Associated General Contractors of America.

It is anticipated that the decline in jobs could be liked to the Trump administration’s new trade policies and the uncertainty surrounding them, argue Anirban Basu, Chief Economist at Associated Builders and Contractors.

The economist suggested that the construction industry is more sensitive to policies affecting confidence due to its connections with financing risks and longer completion times.

Share

Featured Articles

Skanska Commences Multiple Worldwide Projects

Skanska is building across the globe with multiple projects throughout construction, healthcare and sports industries

A. O. Smith Helps Construction Water Sustainability Goals

As A. O. Smith plans to acquire Pureit from Unilever, we look at the company’s wider bid to meet worldwide water challenges using technology and innovation

Skanska Signs $596m Contract for Advanced New York Bridge

Skanska agrees contract to replace the Livingston Avenue Bridge for US$596m, to improve rail connectivity, safety, infrastructure and economic simulation

Why gypsum is the building block of world construction

Built Environment

ResponsibleSteel Reports Urgent Need for Sustainable Steel

Sustainability & Green Building

McKinsey Sustainable Materials Hub Driving Decarbonisation

Sustainability & Green Building