July Construction Employment Increases by 14,000 Jobs

Construction Employment

Source- www.whitehouse.gov/blog/2016/08/05/employment-situation-july

 

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.

 

Related- May Unemployment News

Related- April Unemployment News

Katie Craven
Katie Craven is Marketing, Communication and Brand Manager at Watchdog Real Estate Project Managers, a real-estate consulting firm that provides owner’s representation and project management services. More about Watchdog Real Estate Project Managers as well as additional blog posts can be found here.
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