Employment in the construction industry continued to grow
with 20,000 jobs added in August. According to the Bureau of Labor Statistics
(BLS), the unemployment rate for the construction industry was at 7.7 percent
in August. The unemployment rate is
slightly higher than the 7.5 percent reported in July, but is the lowest rate
for the month of August in seven years.
The construction industry has added 232,000 jobs over the
last 12 months with 192,000 of those jobs being added in 2014. Construction
employment was at 6,068,000 jobs in August and is the highest it’s been since
the 6,100,000 jobs reported in May 2009.
All sectors in the construction industry saw job gains in
August with specialty trade contractors adding 11,500 jobs in August. The construction
industry has averaged 24,000 jobs added each month in 2014.
Source: Construction
Data Company
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