By Dr. Alison Premo Black, chief economist, ARTBA
Highway, street, and bridge contractors added 13,700 jobs to their payrolls in June compared to May as the summer construction season got underway. This was in line with job gains in June 2019.
Employment data for the industry lags one month behind information for the broader economy and general construction. Highway, street, and bridge contractors employed 384,800 workers in June, compared to 384,200 in June 2019.
The Bureau of Labor Statistics divides the economy into 224 major sectors, and transportation construction was one of just 27 with year-over-year job gains in June. While most sectors of the construction industry increased employment between May and June, the number of workers was still below June 2019 levels.
Overall construction employment in July was 7.4 million workers, up from 7.37 million in June but down 4.5 percent from 7.75 million workers in July 2019. The construction industry unemployment rate was 8.9 percent.
Keep updated about industry developments and trends with ARTBA’s interactive Transportation Construction Market Intelligence Service.