Construction Jobless Rate Hits 18-Year Low, Industry Adds 19,000 Jobs

The construction unemployment rate for July dropped sharply from June and year-earlier levels, falling to 3.4%, the lowest monthly figure since at least January 2000, the federal Bureau of Labor Statistics says. The bureau’s latest monthly look at the nation’s employment picture, released on Aug. 3, also showed that construction added 19,000 jobs during July. BLS’s report said that the construction industry’s 3.4% jobless rate was an improvement over June’s rate of 4.7% and the July 2017 level of 4.9%. The bureau’s unemployment rates aren’t adjusted for seasonal variations.

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Source: Engineering News-Record