Construction's unemployment rate continued to to rise in November, climbing to 19.4% from October's 18.7%, while the nation's overall jobless rate declined slightly, the Bureau of Labor Statistics has reported. Job creation has become a prime topic in Washington, as congressional Democrats work on new measures aimed at bringing more people back to work. Infrastructure spending is emerging as one component of those possible measures. The November data, released Dec. 4, showed that construction continued to lose jobs for the month, but in a modestly encouraging sign, the industry's 27,000 jobs shed was less than 117,000 monthly average for the
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.