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Construction Adds 15,000 Jobs in February

Posted: March 7, 2014

Construction employers added 15,000 workers to payrolls in February, despite one of the harshest winters in recent memory. The industry has reached its highest levels of employment since June of 2009 indicating that 2014 will be a strong year for the sector as a whole. This growth is not without its challenges, as association officials are reporting that many firms are having a tough time finding qualified and skilled talent to meet the demand.

The post-recession exit of many construction workers from the field has created a growing gap between available talent and available positions, unemployment has declined from 15.7% to 12.8% (lowest since February 2008). “While Demand for construction employees is rising, workers are still leaving the industry faster than they are being hired” Ken Simonson, Chief Economist of the Associated General Contractors of America.

The declining number of qualified and available talent in the construction industry has created a unique opportunity for firms to use bidding and estimating automation tools to get more done with less.

To read the full article, visit ACG: Construction Industry Adds 15,000 Jobs in February

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