Construction employment retains momentum in Aug

The U.S. construction industry added 23,000 net new jobs in August, an increase from the 18,000 net new jobs added in July, according to an Associated Builders and Contractors analysis of data supplied by the U.S. Bureau of Labor Statistics. The industry has added 297,000 net new jobs since August 2017, a 4.3 percent increase. Nonresidential construction employment increased by 9,600 net jobs in August, although the heavy and civil engineering category lost 200 net jobs for the month.

The construction industry unemployment rate remained unchanged at 3.4 percent in August and at its lowest level in the 18-year history of the series. The national unemployment rate for all industries also remained unchanged at 3.9 percent.

Source: AZ Big Media