Tuesday, November 12, 2013

Construction Unemployment Down Worker Hours Up

             The U. S. Labor Department announced that unemployment in the construction sector of the economy hit a six year low of 8.5% in September, though construction unemployment is still higher than the 7.3% unemployment in the overall economy.                   

In the last 12 months employment in construction jobs increased 3.4%. Hours worked weekly by construction company employees rose 4.2% over the same one year period, showing that tradespeople are putting in longer work weeks, in addition to the time worked by new hires.

                    Since 2010, unemployment in construction has declined from a high of 17.2% to the current 8.5%, demonstrating that construction industry unemployment has dropped by more than half from its peak.
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