Economics A Glimmer of Hope Appears For Construction Employment In an encouraging sign for construction, the industry's jobless rate dipped in September, to 13.3%, from the August level of 13.5%, the Bureau of Labor Statistics reported. Last month's mark also was much improved from the 17.2% rate in September 2010. Moreover, construction gained 26,000 jobs last month, seasonally adjusted, according to BLS. September was the 12th-straight month in which construction's unemployment rate improved over year-earlier figures. On the down side, however, construction's unemployment rate remained the worst among U.S. industries. Further, industry officials feared the positive September results might not
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.