Construction's jobless rate continues to show a positive trend, improving to 20% in March from February's 21.8% rate. Though last month's mark remains worrisomely high, it was much better than March 2010's 24.9%. Related Links: U.S. Department of Labor News Release ABC Chief Economist Anirban Basu's Analysis AGC Chief Economist Ken Simonson's Analysis March also was the sixth consecutive month in which construction's jobless rate improved over the year-earlier levels. But the Bureau of Labor Statistics latest monthly employment report, released on April 1, also shows that construction lost 1,000 jobs last month. All of construction jobs shed were in
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.