subscribe to ENR magazine subscribe
contact us
advertise
careers industry jobs
events events
FAQ
Mcgraw Hill Construction
ENR Logo
SUBSCRIBE TODAY
& receive immediate web access
comment

Construction June Unemployment Rate Down As Industry Adds 6,000 Jobs

Text size: A A

Construction’s employment picture is getting a bit brighter, as the industry added 6,000 jobs in June and its jobless rate dipped to 8.2% from May’s 8.6%.

The Bureau of Labor Statistics’ monthly employment report, released on July 3, also showed that construction’s jobless rate last month was markedly better than June 2013’s 9.8% level and was the industry’s best monthly figure in nearly six years.

Construction segments had mixed jobs results last month. Buildings construction was the leader, adding 6,600 jobs. But heavy and civil engineering construction shed 700 positions.

The nonresidential buildings sub-sector added 2,100 jobs but nonresidential specialty trade contractors lost 1,400.

Ken Simonson, Associated General Contractors of America chief economist, said, “The construction industry continues to expand gradually and unevenly.”

Simonson noted that although the industry’s total employment has risen 3.2% since June 2013, to slightly more than 6 million, it still is down by more than 22% from the 2006 peak.

AGC and other construction groups also are worried about the prospect that the Highway Trust Fund will drop into the red later this summer, unless Congress approves a financial infusion.

Over all, BLS reported, the national unemployment rate declined to 6.1% last month, from 6.3% in May and in April, as the economy picked up 288,000 jobs.

Anirban Basu, Associated Builders and Contractors chief economist, said, “Given that the economy added over 200,000 jobs for the fifth consecutive month in June, there is some optimism about improvement in the second quarter.”
But Basu called the June nonresidential construction jobs numbers “somewhat disappointing.”



Keywords:

----- Advertising -----
  Blogs: ENR Staff   Blogs: Other Voices  
Critical Path: ENR's editors and bloggers deliver their insights, opinions, cool-headed analysis and hot-headed rantings
Project Leads/Pulse

Gives readers a glimpse of who is planning and constructing some of the largest projects throughout the U.S. Much information for pulse is derived from McGraw-Hill Construction Dodge.

For more information on a project in Pulse that has a DR#, or for general information on Dodge products and services, please visit our Website at www.dodge.construction.com.

Information is provided on construction projects in following stages in each issue of ENR: Planning, Contracts/Bids/Proposals and Bid/Proposal Dates.

View all Project Leads/Pulse »

 Reader Comments:

Sign in to Comment

To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.

We welcome comments from all points of view. Off-topic or abusive comments, however, will be removed at the editors’ discretion.