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Home » Construction Feb. Jobless Rate Down From 2014, 29,000 Jobs Added
Construction’s February unemployment rate continued to run well below year-earlier levels, dipping to 10.6% from February 2014’s 12.8%, as the industry gained 29,000 jobs during the month.
The Bureau of Labor Statistics’ look at last month’s employment picture, released on March 6, also showed that construction’s jobless rate increased from January’s 9.8%.
The BLS rates aren’t adjusted for seasonal variations. Winter storms may have been a factor in February’s month-to-month rise.
The jobs results were mixed among construction sectors. Specialty trades contractors added 27,200 jobs and buildings construction grew by 5,200.
But heavy-civil engineering construction's total fell by 3,700.
Ken Simonson, Associated General Contractors of America chief economist, noted that construction employment has risen 5.3% since February 2014, to 6.35 million—the highest level in six years.