Construction employment declined by 11,000 in December and the unemployment rate among workers with recent construction experience jumped to 5.0 percent, AGC said, even as many firms still plan to add headcount in 2026 if they can find qualified workers amid persistent labor shortages.
October’s construction starts posted headline growth, but the gains were concentrated in a small number of megaprojects. Outside of those high-value builds, activity softened, and the industry’s labor picture dimmed further as job openings and hiring indicators pointed to ongoing contraction heading into 2026.
U.S. construction added 4,000 jobs in May, marking 13 straight months of gains despite hiring slowdown, tariff hikes and inflation-driven uncertainty across the industry.
As the Employee or Independent Contractor Classification is challenged in federal court, the Department of Labor is issuing guidance on how to determine workers as contractors or employees.
Battalion Brands appoints Andy Stofleth as chief strategy officer, leveraging his disaster recovery leadership to expand veteran-focused franchise opportunities.
The Home Builders Institute's Fall 2024 Construction Labor Market Report indicates a positive outlook for the construction industry, with increasing demand for skilled workers and rising wages, despite recent job declines.
HCI Equity Partners announced that six of its portfolio companies, including Highland Commercial Roofing, made the Inc. 5000's 2024 list of fastest-growing private companies.