Related Links: Bureau of Labor Statistics release, with data tables Analysis from ABC Chief Economist Anirban Basu Analysis from AGC Chief Economist Ken Simonson ENR story on Feb 2012 construction jobless rate Construction’s unemployment rate rose slightly, to 17.2% in March, from February’s 17.1%, as the industry lost an estimated 7,000 jobs last month. But the rate was better than March 2011's mark of 20%. The Bureau of Labor Statistics’ latest monthly status report on the employment picture, released on April 6, showed that jobs lost in the buildings-construction sector outweighed gains in the heavy-civil and residential specialty trades segments.Architectural and
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.