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The nation’s construction industry unemployment rate fell to 14.5 percent, down from 17.2 percent in March and 17.8 percent in April, according to the May 4 employment report by the U.S. Labor Department. Year over year, the construction industry has added 63,000 jobs or 1.1 percent.
“The nation’s economy has managed to regain some semblance of momentum since last September, which should ultimately translate into better news for the construction industry,” said Associated Builders & Contractors (ABC) Chief Economist Anirban Basu.
“The construction industry has suffered so much during this economic downturn. It’s good to hear some positive employment news,” said Peter Dyga, president & CEO of Associated Builders and Contractors Florida East Coast Chapter (ABC-FEC)