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ABC's Construction Economic Update covers the latest commercial and industrial construction economic news. Delivered electronically, it provides an analysis of the monthly economic indices released by the federal government, including construction spending, employment, the producer price index and the quarterly gross domestic product.  

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From the category archives: Employment

Employment

Construction Industry Unemployment Drops to 14.7 Percent in March

The construction industry unemployment rate fell to 14.7 percent in March, down from 15.7 percent in February, according to the April 5 employment report by the U.S. Department of Labor. The nation added 18,000 new construction jobs in March. Year-over-year, the construction industry workforce has expanded by 2.9 percent, or 162,000 jobs.
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Construction Industry Unemployment Rate Dips to 15.7 Percent in February

The construction industry added 48,000 jobs in February—the largest monthly increase since March 2007. Year over year, the industry has added 140,000 jobs, or 2.5 percent, according to the March 8 employment report by the U.S. Labor Department. The construction industry unemployment rate declined to 15.7 percent in February, down from 16.1 percent the previous month and down from 17.1 percent from one year ago.
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Construction Adds 28,000 Jobs in January, but Unemployment Increases to 16.1 Percent

Despite the addition of 28,000 jobs in January, the nation’s construction industry unemployment rate shot up to 16.1 percent, according to the Feb. 1 employment report by the U.S. Department of Labor. The January rate marks an increase from 13.5 percent in December 2012, but a decrease from 17.7 percent the same time last year. Year over year, construction employment has risen by 102,000 jobs, or 1.8 percent.
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Nation’s Construction Industry Adds 30,000 Jobs in December

The nation’s construction industry gained 30,000 jobs in December despite an overall increase in the industry unemployment rate, according to the Jan. 4 employment report by the U.S. Labor Department. That is the fastest pace of construction employment growth since February 2011.  
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Construction Industry Loses 20,000 Jobs in November

National construction industry employment fell by 20,000 jobs in November pushing the unemployment rate to 12.2 percent, up from 11.4 percent the previous month, according to the Dec. 7 employment report by the U.S. Department of Labor. Year-over-year, construction employment is down by 6,000 jobs, or 0.1 percent.
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Construction Unemployment Rises to 11.9 Percent in September

In a sign the nation’s construction industry continues to struggle, the construction unemployment rate rose to 11.9 percent in September, up from 11.3 percent in August, according to the Labor Department’s Oct. 5 employment report. However, the construction unemployment rate is down from 13.3 percent the same time last year. Read the rest of entry »
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