Construction industry loses 7,000 jobs in March
| April 06, 2012
The Associated Builders and Contractors (ABC) reports that the construction industry lost 7,000 jobs in March, inching the unemployment rate up to 17.2 percent from 17.1 percent in February, according to the April 6 Department of Labor employment report.
Year over year, construction industry unemployment is down compared to the March 2011 rate of 20 percent. The industry added 55,000 jobs during the past 12 months, ABC says in an April 6 Construction Economic Update.