The U.S. Census Bureau recently released data showing that spending in the private construction market has reached $954 billion, surpassing the previous peak spending of $906 billion in 2006.
While spending is on the rise, so is the number of unfilled positions. According to the U.S. Bureau of Labor Statistics, there were 243,000 construction job openings in May 2018—a nearly 33 percent increase from the 183,000 jobs open just a year before.
Reprinted courtesy of Yves Frinault, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.