Construction Unemployment Down, But Gains Inconsistent

May 7, 2012

The drop in the number of unemployed construction workers, from 21.8 percent in 2010 to 17.8 percent in 2011 is "good news" according to Ken Simonson, AGC's chief economist. 

Statistics released by the Bureau of Labor Statistics Friday, and detailed in The Hill's Transportation Blog, showed that 16,000 new manufacturing jobs were created in the midst of the national unemployment rate dropping to 8.1 percent. But the same numbers showed the transportation sector lost 17,000 jobs. AGC said the numbers added up to a muddled employment situation for the construction industry.

Source: AGC