Payroll Growth Is Cooling in U.S. Construction Industry: Chart

Employment of construction workers, from roofers to carpenters, is starting to taper off after reaching an almost eight-year high in March of this year, data from the Labor Department show. Net hiring fell 6,000 in August, led by a drop in civil construction payrolls and the biggest decrease in six years among nonresidential builders. Some firms point to a lack of skilled workers that may delay work in the short-term and ultimately lead to faster wage growth.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE