Construction Unemployment Rate Low and Steady

March 13, 2016

Five years ago in 2011, construction unemployment rates  were almost 22 percent  and stayed in the double digits for the rest of that year.

This year, February's unemployment rate of 8.7 percent has dropped from last year's 10.6 percent and if the trend continues, rates should continue to fall as building season ramps up to full speed in the second quarter.

According to the Bureau of Labor Statistics, total construction employment has risen 4 percent in the past year, to more than 6.6 million workers.

Average hourly earnings for February 2016 were $27.69 in the private sector, and average weekly hours worked were 38.9.

Source: US Bureau of Labor Statistics