Thu07312014

Last updateThu, 31 Jul 2014 5pm

Back You are here: Home News Industry Headlines Manufacturing & The Economy Construction Unemployment Falls Lowest Level in Five Years

Manufacturing & The Economy

Construction Unemployment Falls Lowest Level in Five Years

The unemployment rate for construction workers fell below double digits in June for the first time since 2008 as every segment of the industry added employees, according to an analysis of new government data by AGC of America. Association officials said the relatively positive jobs report for the sector highlights the need to address potential shortages of skilled and entry-level workers.

The unemployment rate for workers who last worked in construction declined to 9.8% from 12.8% in June 2012, not seasonally adjusted, and the number of unemployed construction workers dropped by 214,000 to 825,000. The latest numbers were the best June figures for each series since 2008.

Construction employment in June totaled 5,812,000, an increase of 190,000 or 3.4% over the past year. Aggregate weekly hours of all new and existing construction employees expanded by an even larger 4.7%, as companies put more workers on overtime.

New Products

 

Valve Magazine Digital Edition

14 SUM CVR 160x214Inside the Summer 2014 issue…

• Attracting Talent
• Advances in Machining
• Severe Service in Power Plants
• SIS Tests and Standards

CLICK HERE TO REQUEST YOUR
DIGITAL EDITION PREVIEW EMAIL

injectable steroids results la pharma anavar anavar cost thaiger pharma deca arimidex buy