US Construction Adds 22,000 Jobs in July as AI Build-Out Lifts Nonresidential Hiring
Updated
Updated · Yahoo Finance · Aug 8
US Construction Adds 22,000 Jobs in July as AI Build-Out Lifts Nonresidential Hiring
3 articles · Updated · Yahoo Finance · Aug 8
Summary
Construction firms added 22,000 jobs in July even as US employers cut 23,000 overall, with nearly all gains coming from nonresidential and infrastructure work tied to data centers, factories and power projects.
126,000 jobs were added over the past year in those nonresidential and infrastructure categories, while residential construction lost 44,000, underscoring how AI-linked capital spending is reshaping hiring inside the industry.
78,000 of the annual gains came from nonresidential specialty trades, with another 28,000 in nonresidential building construction and 21,000 in heavy and civil engineering.
4,600 architecture and engineering jobs and 18,000 durable-goods manufacturing jobs added in July suggest the boom is spreading beyond building sites as AI demand pulls in equipment, chips, power and grid investment.
$1.6 trillion in AI infrastructure investment over two years could reach $4.5 trillion to $5 trillion over five years, though the build-out still depends on continued financing.