September Jobless Rate Is Up But Is Below 2011, 2010 Levels The jobless rate rose to 12% in September from 11% in August. But it was the second-lowest monthly rate of 2012 and below the same-month rates last year and in 2010 (see chart). The figure marked the 24th-straight month of lower year-over-year industry unemployment. However, over the past six years, the industry still has shed 2.2 million jobs, a 29% drop.Bechtel, Babcock & Wilcox Face DOE Site Performance Issues As design issues continue to dog its work on a $12.3-billion nuclear-waste processing plant at the U.S. Energy Dept.'s Hanford
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.