Nonresidential Construction a Bright Spot in Disappointing Jobs Report, BLS Reveals

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WASHINGTON, D.C. — National construction employment remained largely unchanged in March, adding 6,000 net new jobs on a seasonally adjusted basis, according to analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors. The nonresidential construction sector added 13,300 net new jobs for the month, while the residential sector lost 7,600 net jobs. “While today’s jobs report will be viewed primarily as a disappointment, nonresidential construction remains a bright spot, adding 13,000 jobs,” said ABC Chief Economist Anirban Basu. “Nonresidential construction’s growth is impressive given March’s colder weather, but it represents a slowing from the first … Read more

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June Construction Unemployment Rates Improve in 47 States from 2015

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WASHINGTON, D.C. – June not seasonally adjusted construction unemployment rates improved in 47 states and the nation on a year-over-year basis according to an analysis recently released by Associated Builders and Contractors. The national construction unemployment rate of 4.6 percent was 1.7 percent lower than a year ago according to data from the Bureau of Labor Statistics. Further, the industry boasted its lowest June rate since 2000 when it matched this June’s 4.6 percent rate. BLS data also showed that the industry employed 229,000 more people than in June 2015. Four states—Connecticut, Hawaii, Mississippi and Wyoming—posted an increase in their … Read more

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