FOR IMMEDIATE RELEASE
September 7, 2018
Contact: Jack Jacobson
jack.jacobson@constructionemployersofamerica.com
202-637- 6820 (w); 202-251- 7644 (c)
Construction Employment Continues Slow Growth
Unemployment Remains Unchanged at 3.9%
Washington, DC – A report today from the Bureau of Labor Statistics revealed a fifth consecutive month of slow growth in the construction industry. The economy added 201,000 jobs in August, with construction employers adding 23,000 of those positions. Total construction employment rose to 7,259,000 positions nationally.
“The strong economy continues to provide new opportunities for individuals employed in the construction and particularly the specialty construction industry,” said Jack Jacobson, spokesperson for Construction Employers of America. “Specialty construction employment remains resilient in no small part due to our members’ investment in accredited apprenticeship programs and the high-quality construction our members delivery to their customers.”
Specialty construction firms added 15,300 jobs in August, including 6,600 positions in the nonresidential sector. Construction employment overall has increased by nearly 300,000 positions over the year.
“Construction employment continues steady growth in spite of government inaction and reduced investments in basic and critical infrastructure,” continued Jacobson. “The federal government’s investment in infrastructure in the second quarter of 2018 was at its lowest level in relation to gross domestic product since the 1940s, dropping below 1.4% of GDP. Our economy cannot continue to grow without the federal government meeting its obligation to fund roads, bridges, and related infrastructure that can unlock a tidal wave of economic activity that will benefit employees and employers alike.”
CEA’s seven employer associations include FCA International, International Council of Employers of Bricklayers and Allied Craftworkers, Mechanical Contractors Association of America, National Electrical Contractors Association, Sheet Metal & Air Conditioning Contractors National Association, Signatory Wall and Ceiling Contractors Alliance, and The Association of Union Constructors. Our impact on the American economy is significant. We represent over 15,000 employers and 1.4 million employees nationwide. More information about CEA and our issues can be found online at www.constructionemployersofamerica.com.
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