Related Links: Bureau of Labor Statistics release, with data tables Associated Builders and Contractors analysis Associated General Contractors analysis As construction’s winter slowdown began, the industry’s unemployment rate worsened in December to 16% from 13.1% in November. But the industry did add 17,000 jobs last month, and its December rate was much improved over the December 2011 mark of 20.7%, the Bureau of Labor Statistics reported.Those BLS industry-specific rates are not adjusted for seasonal swings. Jobless rates for the highly seasonal construction industry tend to climb in winter months, when the volume of projects dips.Construction economists said seasonal factors may
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.