Construction Unemployment Rate Down Slightly From Last Year

September not seasonally adjusted (NSA) construction unemployment rates improved in 32 states and the nation on a year-over-year basis, according to analysis by Associated Builders and Contractors (ABC).

The national NSA construction unemployment rate of 5.2 percent was 0.3 percent lower than a year ago, according to data from the Bureau of Labor Statistics (BLS). This was the lowest September construction unemployment rate since 2000, when it was 4.6 percent. BLS data also reported that the industry employed 208,000 more people than in September 2015.

“September 2016 marks the sixth year of uninterrupted monthly year-over-year rate decreases in the national 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. “These industry-specific unemployment rates are not seasonally adjusted, so it is important to note states’ performance on a year-ago basis. The year-over-year improvement in the national unemployment rate as well as in the rates of 32 states demonstrates the steady improvement in the construction job market over the past year.”

Eighteen states did post declines in their estimated construction unemployment rates from August. Five states had unchanged rates.

The states with the lowest estimated NSA construction unemployment rates in order from lowest rate to highest were Colorado, South Dakota, Idaho, North Dakota and Massachusetts. The states with the highest NSA construction unemployment rates in order from lowest to highest rates were Alabama, Pennsylvania, Rhode Island, New Mexico and Alaska.

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