Unemployment at Record Levels Despite Seasonal Declines
Construction’s unemployment rate continued downward in May, its third-straight monthly improvement, as seasonal construction labor markets started to kick in, the Bureau of Labor Statistics reported.
BLS says construction’s May jobless rate was 20.1%, down from April’s 21.8%. But May’s rate still exceeded the May 2009 mark of 19.2%, making it the worst May rate for construction unemployment since 1976.