Construction Unemployment Rate Sets 24-Year Low of 3.6%

By Ryan Whisner The construction industry added 23,000 jobs in June, according to analysis of federal data by both the Associated Builders and Contractors and the Associated General Contractors Over half of the increase came from nonresidential construction firms, which added a total of 12,200 positions with growth in two out of three categories. Heavy and civil engineering firms added 7,300 positions, while nonresidential building added another 5,400 jobs. Nonresidential specialty trade contractors lost 500 jobs on the net. Meanwhile, employment at residential building and specialty trade firms grew by 10,800. Construction employment in June totaled 7,947,000, seasonally adjusted, an addition of 23,000 or 0.3 percent from the month prior. The sector has added 198,000 jobs during the past 12 months, an increase of 2.6 percent. READ FULL ARTICLE >>