The construction industry added 60,000 jobs on net in February, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. Overall, the industry has recovered virtually all (99%) of the jobs lost during earlier stages of the pandemic. Nonresidential construction employment increased by 29,400 positions in February, with all three subsectors experiencing growth, and is up 3.9% over the past 12 months. The residential sector added 31,000 in February and is up 4.5% since February 2021. The construction unemployment rate fell to 6.7% in February. Unemployment across all industries declined to 3.8%, … Read more
Construction Employment Surges in February to Near Pre-Pandemic Levels, Says ABC
Filed under: Economic News, eNewsTagged with: Associated Builders and Contractors a, nonresidential construction employment