The Bureau of Labor Statistics reported that the economy added 255,00 jobs in the month of July. This continued the longest streak of total job growth on record. The unemployment rate held steady at 4.9% from June, when 287,000 jobs were added.
Construction employment saw an increase of 14,000 workers in the month of July. This is a three-month streak of job losses for the U.S. construction industry. Construction employment is now at 6.652 million Americans, which is a 3% increase from July 2015.
The construction industry’s unemployment rate fell for the fourth consecutive month. Construction unemployment fell from 4.6% to 4.5% in July. This is the lowest unemployment rate that the construction industry has seen since October 2006.
For more information, visit The Bureau of Labor Statistics website.
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