What's In the News
Construction began 2015 with upbeat employment figures, adding 39,000 jobs in January, pushing the industry's unemployment rate down to 9.8%, well below the year-earlier level.
The Bureau of Labor Statistics' latest monthly employment report, released on Feb. 6, showed that construction's jobless rate last month fell from January 2014's 12.3% but was up from December's 8.3%.
The month-to-month change probably reflected the industry's usual winter work slowdown; the BLS rates are not adjusted for seasonal variations.
All construction sectors recorded increased employment last month. Buildings construction jumped by 19,500, specialty trades firms added 13,300 and heavy-civil construction gained 5,900, BLS reported.
Architectural and engineering services, a separate BLS industry category from construction, added 7,800 jobs in January.
Ken Simonson, Associated General Contractors of America chief economist, noted that with January's increase, construction employment was more then 6.3 million, its highest level since February 2009. ENR