Construction adds 14,000 jobs in July
Wayne Grayson | August 5, 2016

shutterstock_112558970July snapped a three-month streak of jobs losses for the U.S. construction industry with an increase of 14,000 workers.

Construction employment is now at 6.652 million Americans, a 3-percent increase over the July 2015 mark, according to preliminary data from the Labor Department.

The department’s latest data also revised the June employment total from the previously reported 6.643 million down to 6.638 million, downgrading that month’s employment report from flat, to a loss of 3,000 jobs.

The industry’s unemployment rate fell for a fourth consecutive month in July from from 4.6 percent to 4.5 percent. That is the lowest unemployment rate the industry has seen since hitting the same mark in October 2006.

The U.S. economy added 255,000 jobs during July, with unemployment flat at 4.9 percent.

 

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