Tag: ABC

ABC & TRESTLES’ Red Cross Disaster Relief Fund 

Hurricane Harvey flooded southeastern Texas and inundated the city of Houston, forcing thousands of people to take cover in shelters. Many residents now face temporary displacement while the American Red Cross works to help flood victims. ABC’s disaster relief fund through the Red Cross is available for anyone who wants to help support these efforts with a monetary donation. Continue reading “ABC & TRESTLES’ Red Cross Disaster Relief Fund “

Construction Employment Increases by in July

ABCIncLogoConstruction employment increased by 6,000 jobs in July to the highest level since October 2008, amid a tight labor market that may be keeping contractors from hiring as many workers as they need, according to an analysis of new government data by the Associated General Contractors of America. Association officials urged local, state and federal leaders to enact measures designed to expose more high school students to high-paying careers in construction to offset growing labor shortages.

“Construction firms added employees over the past year at a much higher rate than the EMPLOYMENT MONTH OVER MONTH JULY 2017.pngpublic and private sectors as a whole, but the low unemployment rates in construction and the overall economy suggests contractors are having difficulty filling positions,” said Ken Simonson, the association’s chief economist. “Although construction spending has slowed, many contractors are still looking for qualified craft workers and project managers.”

Construction employment totaled 6.9 million in July, a gain of 6,000 for the month and 191,000, or 2.8 percent, over 12 months. The economist pointed out that the year-over-year growth rate was nearly twice the 1.5 percent rise in total nonfarm payroll employment. The construction sector’s unemployment rate in July, 4.9 percent, was close to the 4.3 percent rate for all workers. Continue reading “Construction Employment Increases by in July”