Construction Unemployment Improves in August

Not seasonally adjusted (NSA) construction unemployment rates improved in 48 states and nationally on a year-over-year basis in August, according to analysis by Associated Builders and Contractors (ABC).

The national NSA construction unemployment rate of 5.1 percent was 1 percent lower than a year ago and the lowest August construction unemployment rate on record, according to data from the Bureau of Labor Statistics (BLS). BLS data also showed that the industry employed 183,000 more people than in August 2015.

“August 2016 continues the unbroken monthly streak of year-over-year rate declines in the construction unemployment rate that began in October 2010,” says Dr. Bernard M. Markstein, president and chief economist of Markstein Advisors, who conducted the analysis for ABC. “For the fourth month in a row, the estimated construction unemployment rates for all the states were below 10 percent. The last time that happened was from June to September 2002.”
The states with the lowest NSA construction unemployment rates in order from lowest to highest were North Dakota, Wyoming, Colorado, Massachusetts, Utah and Vermont (tie).
The states with the highest NSA construction unemployment rates in order from lowest to highest were Connecticut and Illinois (tied), Pennsylvania, Alabama, Rhode Island and New Mexico.

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