Construction employment fell

According to the numbers , the construction employment fell in May by 28.000, which is the largest decline in two years. Moreover, it is now at the lowest level since August as estimated on the basis of the federal data by the Associated General Contractors of America. That phenomenon occurs along with the  1.4 per cent drop in the public construction spending which has slowed down the overall construction activity growth to 0.3 per cent.
Ken Simonson, the association’s chief economist, admits that industry is having a difficult start to the year, as a result of the construction employment shrinkage. Particularly, it is the cuts to public sector investments in construction that are taking their toll, with the heavy and civil engineering construction experiencing the largest employment decline within the sector. The association officials claim that the new construction employment and spending figures underscore the urge for quick congressional action concerning long-term infrastructure measures, including reauthorizing clean water and surface transportation programs. Undoubtedly, some reparatory steps must be taken, given the pessimistic construction employment figures.