Abc Logo 64cd0fe166bc4The not seasonally adjusted national construction unemployment rate was 0.1 percent lower in June 2023 from a year ago, down from 3.7 percent to 3.6 percent.
According to a state-by-state analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors (ABC), 15 states had lower unemployment rates over the same period, seven were unchanged and 28 states were higher. All states posted an unemployment rate lower than 8 percent.
National NSA payroll construction employment was 199,000 higher than in June 2022. From February 2022 through June 2023, seasonally adjusted construction employment was above its pre-pandemic peak of 7.6 million.
In October 2021, residential construction employment moved above its pre-pandemic peak, while nonresidential construction employment only recently did so in February 2023. June 2023 seasonally adjusted residential payroll construction employment was 308,000 above its pre-pandemic peak while nonresidential payroll construction employment was 28,000 above its pre-pandemic peak.
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Source: ABC
About the Author
Frank RaczonFrank Raczon
Frank Raczon has influenced and covered the equipment industry for 35 years, including 15 years as senior editor of Construction Equipment, and marketing, advertising, and public relations work for the industry's top manufacturers. He authored "Caterpillar: Modern Earthmoving Marvels" (Motorbooks, 2015), and has won numerous awards in his career, highlighted by nods from the Construction Writers Association, the Association of Equipment Manufacturers, the Business Marketing Association, and BtoB magazine. Raczon has also won awards from publishing peer groups such as ASBPE and TABPI.
