Construction Law Blog
ENR Reports that Construction Unemployment Rate Hits Four Year Low
July 10, 2013
The Engineering News-Record, citing statistics released by the Bureau of Labor Statistics, is reporting that the national unemployment rate for the construction industry dropped below 10% for the first time since September of 2008. This marks a decrease in construction unemployment by 3% from June of last year, and 1% from the end of May, 2013. Although all construction sectors gained jobs over the past month, the most dramatic increase is said to have come in the specialty trade contractors sector, which added approximately 7,200 jobs in June. More information and statistics regarding the current construction unemployment rate can be found on the Engineering News-Record’s website.