ARLINGTON, VA (BRPROUD)- The Associated General Contractors of America (AGC) and Sage is releasing its 2022 forecast from every state in a virtual event. The forecast covers more than 1,000 responses including predictions and demands for numerous construction projects, hiring workforce challenges and more.
The virtual media event starts at 12 p.m. EST Jan. 12, click here to join via Zoom
“Nonresidential contractors are increasingly busy and are eager to hire even more workers,” said Ken Simonson, the association’s chief economist. “But the low rate of unemployment and record job openings in construction show how difficult it is bringing enough workers on board.”
Construction employment in December totaled 7,560,000, an increase of 22,000 for the month and 160,000 or 2.2 percent for the year. However, industry employment still trails the pre-pandemic peak, set in February 2020, by 88,000 positions, according to AGC.
Forecast provides insight into contractors’ plans to hire, invest in new equipment and technology, what types of construction projects will be in demand during 2022. During the event, AGC association’s chief executive officer, Stephen Sandherr, and chief economist, Ken Simonson, will detail the results of the forecast.
Other officials including, Dustin Anderson, Vice President for Sage Construction & Real Estate, will talk about construction firms’ plans to adopt new technologies in 2022.