The construction industry is getting some good news from the Associated General Contractors of America (AGC). According to an analysis of new federal data, construction spending in June rose to a 2-1/2 year high as double-digit percentage increases in private residential and nonresidential construction more than offset an ongoing downturn in public construction.
Construction employment fell in May by 28,000, the largest decline in two years, and is now at the lowest level since last August, according to an analysis of new federal data released recently by the Associated General Contractors of America.
