Construction Adds 19,000 Jobs as Unemployment Plummets in July, Says ABC

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WASHINGTON, D.C.—The U.S. construction industry added 19,000 net new jobs in July after adding 13,000 net new jobs in June, according to an Associated Builders and Contractors analysis of data supplied by the U.S. Bureau of Labor Statistics. The industry has added 308,000 net new jobs since the first of the year, a robust increase of 4.4 percent. The construction industry unemployment rate dove to 3.4 percent in July, recording its lowest level in the 18-year history of the series. The national unemployment rate for all industries inched down to 3.9 percent. Nonresidential construction employment increased by 13,200 net jobs … Read more

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May Construction Unemployment Rates Down Year Over Year in 45 States, Says ABC

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WASHINGTON, D.C. – Estimated May construction unemployment rates fell in 45 states on a year-over-year basis, rose in four states and were unchanged in one state (Alabama), according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. The May 2018 not seasonally adjusted  national construction unemployment rate fell 0.9 percent from May 2017 to 4.4 percent, the lowest May rate on record. At the same time, the construction industry employed 291,000 more workers nationally than in May 2017. “May proved to be an excellent month for construction employment, despite the ongoing shortage of … Read more

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Construction Unemployment Rate Increases Slightly, Higher Pay Levels Attract People with Recent Construction Experience

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Construction employment increased by 17,000 jobs in April and by 257,000 jobs over the past year while firms boosted pay to help recruit new workers, according to an analysis of new government data by the Associated General Contractors of America. Association officials noted the increases in pay appear to be attracting more former construction workers back into the job market, but cautioned that labor conditions remain extremely tight. “Many firms are boosting pay and taking other steps to compete for a relatively small pool of available, qualified workers to hire,” said Stephen E. Sandherr, the association’s CEO. “While these steps … Read more

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National Construction Unemployment Rate Ticks Up to 4.9 Percent in July

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WASHINGTON, Wash. – The national not seasonally adjusted construction unemployment rate was 4.9 percent in July, up 0.4 percent from a year ago, but still the third lowest July rate on record—matching the July 2001 rate, the U.S. Bureau of Labor Statistics reported. Unemployment rates increased in 34 states on a year-over-year basis, but the construction industry employed 186,000 more workers than in July 2016, according to an analysis released today by Associated Builders and Contractors. Rates fell in 14 states and were unchanged in two. Because these industry-specific rates are not seasonally adjusted, national and state-level unemployment rates are … Read more

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Construction Unemployment Rates Improve in 25 States, ABC Says

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WASHINGTON, D.C. — Construction unemployment rates were down in 25 states and unchanged in four in February on a year-over-year basis, according to analysis released by Associated Builders and Contractors. The national not seasonally adjusted construction unemployment rate of 8.8 percent was up 0.1 percent from February 2016, according to data from the U.S. Bureau of Labor Statistics. Since these industry-specific rates are not seasonally adjusted, the best approach is to evaluate the national and state-level unemployment rates on a year-over-year basis. “Despite the slight downturn in the year-over-year NSA national construction unemployment rate, half the states had a reduction … Read more

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