Construction's unemployment rate continued its downward trend in June, falling to 15.6% from May's 16.3%, the Bureau of Labor Statistics reported. Last month's rate also was significantly better than the June 2010 level of 20.1%. The latest monthly BLS unemployment report, released on July 8, also had some discouraging numbers for construction, however. Construction lost 9,000 jobs in June on a seasonally adjusted basis and its jobless rate was still the highest among major U.S. industries. Nearly all construction segments posted job losses in June. The exception was nonresidential specialty trade contractors, which recorded a gain of 3,100. The largest
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.