clear logo

News

Share this page:

Accomplishments Breaking News VOTE 2018 Blog
About Donate
Accomplishments News Vote Blog About Contact Donate

Construction hiring booming and many available jobs

Source
Issued: 2018-10-05

Published: Oct 5, 2018 11:30 a.m. ET

The U.S. shed 2.3 million construction jobs as the housing bubble burst, and has only regained about 1.85 million

By

One of the brightest spots in recent employment reports has been construction hiring.

Employers added a net new 23,000 construction jobs in September, the Labor Department said Friday, and the number of people working in the industry was 315,000 higher compared to a year earlier.

But there are still construction jobs open – and the pay and perks aren’t bad. At the end of July, there were 273,000 open construction jobs, according to a separate Labor Department report.

“The construction industry added workers and increased pay in the past year at rates higher than the overall economy,” said Ken Simonson, the chief economist for the Associated General Contractors of America, a trade group. “However, the pool of unemployed workers with construction experience has nearly evaporated.”

In September, average hourly earnings for construction workers was $30.18, higher than the $27.24 earned by all workers.

The construction hiring spree of the last five years marks the second-strongest such stretch on record, economist Ed Zarenski wrote on Twitter Friday.

Construction jobs up 214k year-to-date, up more than 300k compared to Sep2017. We are in the midst of the 2nd strongest 5yr growth period for constr jobs ever recorded. added 1.4mil jobs Sep'13-Sep'18 vs 1.5mil for 5yrs 1996-2000.https://t.co/Tym0oMlfr3

Share this page:



X

Ways to support MAGA PILL:

We want to expand our influence but we can't do that without your help.

Get the Cash App on your phone and you can easily send and receive crypto currency:

(BTC) Bitcoin: 1fTtk6P84ZjfNgJoBoQ7rfrRi5zVpLaNN

(BTH) Bitcoin Cash: 1FLJqdiSD4UzQseuFSiqiooANbYjVKKXy7

(ETH) Ethereum: 0x16cffBf15D21a597179790F54ffCB4d384c90Db8

(LTC) Litecoin: LKhkYiQwo5GdKw53FwSXSfoN1DftJT74tF

I understand most people can't or won't donate and that's okay.

You can also support us is by using this Amazon link anytime you shop there, just Bookmark it and remember to use it!

Most imporantly, please share the site and the articles!

X

Connect with MAGA PILL:

You can also support us is by using this Amazon link anytime you shop there, just Bookmark it and remember to use it!

Most imporantly, please share the site and the articles!