7/8/2013

Construction unemployment dropped to 9.8% this June -- down from 12.8% in June 2012 and the lowest rate in five years, according to the Associated General Contractors of America. Now, a worker shortage looms. "The number of unemployed workers with construction experience has fallen to low enough levels that firms in a growing number of locations and segments are having trouble finding people with the needed skills. Contractors have filled the gap so far by adding to workers' hours but this 'solution' may be reaching its limit," according to Ken Simonson, the AGC's chief economist.

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