Electrical Contracting & Maintenance reported on the results of the Marcum Commercial Construction Index for the fourth quarter of 2019.
Electrical Contracting & Maintenance
Construction employment increased at a faster pace than the national nonfarm economy on both a monthly (+0.6%) and yearly (+1.9%) basis. Nonresidential specialty trade contractors added jobs at an impressive rate throughout 2019, while the nonresidential building category exhibited the slowest pace of growth of any of the construction subsegments. Despite ongoing hiring, construction labor shortages remain problematic.