Construction

CO Construction Construction Employment Still on the Rise

The Associated General Contractors of America recently released their latest Construction Employment report from April 2015 – April 2016.

Highlights for Colorado:

– up 7% construction employment statewide; from 145,600 in April ’15 to 156,100 construction related jobs in April ’16

– up 7% in the Denver/Aurora/Lakewood area for construction employment; from 93,500 jobs in April ’15 to 99,700 jobs in April ’16

– Denver/Aurora/Lakewood area ranked 73rd out of 358 metro areas for construction employment gains

– Boulder area had largest increase in the state at 10% increase construction employment and ranked 32nd of 358 metro areas

According to the report, “Construction spending increased 4.5 percent from April 2015 to April 2016 despite a drop of 1.8 percent from March to April, Ken Simonson, the association’s chief economist noted. Private nonresidential spending climbed 3.4 percent; and public construction spending rose 1.2 percent.

Association officials said both sets of data reflect relatively strong market conditions for the construction sector.  The two main industry concerns remain the availability of qualified workers and the need for new investments in aging infrastructure. They added that the group would continue to push elected officials to act on its Workforce Development Plan and pass aviation and water resources development bills.”

Photo courtesy of Business Rewritten

 

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