LoginThe construction sector saw positive jobs numbers last month, despite a number of challenges that still plague workers and businesses in the industry.
According to data from the Associated General Contractors of America, a total of 5,000 jobs were added in September. However, the trade group's CEO, Stephen E. Sandherr, said that there was still plenty of reasons for firms to be cautious, Construction Equipment Guide reports. Sandherr said that there were fewer opportunities this year , as the industry's unemployment rate stands at 11.9 percent, considerably higher than the national average of 7.8.
“Despite the slight uptick in construction employment for the past month, the industry is a bit smaller than it was one year ago,” said Sandherr, in an interview with the source. “It appears that for every rebounding market segment, there is another one that is shrinking.”
The construction sector is far from the only industry experiencing negative issues. During a recent interview with the Financial Post, CIBC World Markets economist Emanuella Enenajor said that there was a "lack of momentum" in Canada's construction industry.
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