Construction's unemployment rate continues to rise, reaching 24.7% in January, its highest level since 2000, the Bureau of Labor Statistics has reported. BLS's latest monthly employment report, released on Feb. 5, shows that contruction's January jobless rate increased from 22.7% in December and 18.2% in January 2009. Construction lost 75,000 jobs in January, bringing total jobs lost since December 2007 to 1.9 million. Construction's 24.7% rate is the industry's highest since 2000, when BLS changed its system for classifying industries. The previous high was December's 22.7%. Under BLS's pre-2000 classification method, construction's highest jobless rate since 1948 came in February
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.