According to a February 5 press release from Associated General Contractors of America (AGC), construction firms added 18,000 workers in January, as the industry's unemployment rate declined to 8.5 percent, a 17-year low.
While the increase is seen as good news, AGC officials stated that the number of construction jobs added in January was down compared the last three months of 2015, noting that this could reflect either a slowdown in nonresidential construction activity or an inability of contractors to find qualified workers.
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