Construction's unemployment rate moved down slightly in August but remains highest among all industries. Construction's unemployment rate edged downward in August, to 17.3%, from 17% in July, but it was slightly worse than the August 2009 level, reports the U.S. Labor Dept.'s Bureau of Labor Statistics. BLS's latest monthly look at the nation's employment picture, released on Sept. 3, says that construction added 19,000 jobs in August, but noted that 10,000 of the jobs gained were workers who returned after a strike in July. Although BLS doesn't say so, it's likely that some or most of those workers were involved
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.