Construction's unemployment rate edged upward in September, to 17.2% from August's 17.0%, as the industry lost 21,000 jobs last month. Related Links: U.S. Dept. of Labor Bureau of Labor Statistics release The Bureau of Labor Statistics' latest monthly employment report, released on Oct. 8, also showed that construction's unemployment rate last month was slightly worse than the September 2009 rate of 17.1%. Construction's jobless rate this year has generally improved month-to-month since February, before worsening in September. But looking at the numbers from another angle, the industry's 2010 unemployment rates have been higher than the comparable 2009 figures in every
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.