Construction Unemployment Spikes to 27.1% in February, Reports U.S. Labor Dept.
The construction unemployment rate jumped to 27.1% and construction employment dropped to a 14-year low as another 64,000 construction workers lost jobs in February, according to the latest federal employment figures.
The economy would have added jobs had it not been for the declines in construction employment for the third time in four months, the Associated General Contractors of America notes.