Although national construction employment increased by 233,000 from June 2020, seasonally adjusted construction employment remained below its February 2020 peak by 238,000, or 3.1%, according to the ABC report. Construction employment is unlikely to grow in many parts of the country until supply chain challenges facing the industry improve, according to the AGC report.
A number of owners are postponing projects because rising costs and delivery delays have made projects infeasible or they want to wait until conditions improve, said AGC Chief Economist Ken Simonson.
