Construction’s unemployment rate fell in August to its lowest level in eight months, but the rate remains much worse than it was a year ago, the Bureau of Labor Statistics reported on Sept. 4. Economists say the American Recovery and Reinvestment Act appears to be saving some jobs, at least in the highway sector, but they also say the industry is still hurting. + Image SOURCE: U.S. Bureau of Labor Statistics. Although construction’s 16.5% August jobless rate was better than July’s 18.2%, it remained more than double the August 2008 mark of 8.2%. Rates are not seasonally adjusted. Construction’s jobless
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.