AGC Construction Spending, Labor & Materials Outlook Report Is Available

The AGC's Chief Economist Ken Simonson has released the latest outlook report on Construction Spending, Labor & Materials. According to the report, contractors are coping with work shortages primarily through increased hiring of subcontractors and increased use of staffing companies. Simonson hypothesizes that total construction spending will increase by 3-8% in 2016 and 2-7% in 2017. Illinois construction employment change is up 2 points in Illinois from April 2015 to April 2016 despite a -0.2% change in state population. Read the full report for more information.