Related Links: Bureau of Labor Statistics release, including data tables AGC economist Ken Simonson's analysis ABC economist Anirban Basu's analysis Construction’s unemployment rate fell in November to 13.1% from October’s 13.7%. though the industry lost 12,000 jobs last month, the Bureau of Labor Statistics reported. The latest BLS monthly employment snapshot, released on Dec. 2, also indicated that construction’s November jobless rate was much better than November 2010’s rate of 18.8%. It also was the lowest monthly rate since November 2008, when the figure was 12.7%.Although the rate shows improvement, Ken Simonson, Associated General Contractors of America chief economist, said
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.