flexiblefullpage -
billboard - default
interstitial1 - interstitial
catfish1 - bottom
Currently Reading

47 states experienced improvement in year-over-year construction unemployment rates in June

Industry Research

47 states experienced improvement in year-over-year construction unemployment rates in June

The drop in the construction unemployment rate from June 2015 extends the uninterrupted monthly sequence of year-over-year rate decreases that started in October 2010, according to Bernard M. Markstein, PhD, President and Chief Economist of Markstein Advisors.


By Associated Builders and Contractors | August 5, 2016

Pixabay Public Domain

June not seasonally adjusted (NSA) construction unemployment rates improved in 47 states and the nation on a year-over-year basis according to analysis released today by Associated Builders and Contractors (ABC). The national construction unemployment rate of 4.6 percent was 1.7 percent lower than a year ago according to data from the Bureau of Labor Statistics (BLS). Further, the industry boasted its lowest June rate since 2000 when it matched this June’s 4.6 percent rate. BLS data also showed that the industry employed 229,000 more people than in June 2015.

“Starting in 2000, when the BLS data for this series begins, the June national NSA construction unemployment rate has fallen from May every year except 2010 when it was unchanged. This is not surprising given that this is not seasonally adjusted data and that construction activity normally continues to rise nationwide as the weather improves throughout the country. This year’s decrease of 0.6 percent from May continues this pattern,” says economist Bernard M. Markstein, Ph.D., President and Chief Economist of Markstein Advisors, who conducted the analysis for ABC.

The five states with the lowest estimated NSA construction unemployment rates in order from lowest rate to highest were:

1. Vermont 
2. Colorado 
3. Idaho and Iowa (tie) 
5. Nebraska

Three states—Iowa, Nebraska and Vermont—were also among the top five in May.

The five states with the highest estimated NSA construction unemployment rates (from lowest to highest) were:

46. Mississippi
47. Connecticut
48. Rhode Island
49. New Mexico
50. Alabama

Alabama, New Mexico and Rhode Island were also in the bottom five in May.
 

View states ranked by their construction unemployment ratetheir year-over-year improvement in construction employment and monthly improvement in construction employment

 

 

Read more on ABC's website.

Related Stories

Industry Research | Jun 26, 2017

Time to earn an architecture license continues to drop

This trend is driven by candidates completing the experience and examination programs concurrently and more quickly.

Industry Research | Jun 22, 2017

ABC's Construction Backlog Indicator rebounds in 2017

The first quarter showed gains in all categories.

Market Data | Jun 21, 2017

Design billings maintain solid footing, strong momentum reflected in project inquiries/design contracts

Balanced growth results in billings gains in all sectors. 

Industry Research | Jun 15, 2017

Commercial Construction Index indicates high revenue and employment expectations for 2017

USG Corporation (USG) and U.S. Chamber of Commerce release survey results gauging confidence among industry leaders.

Industry Research | Jun 13, 2017

Gender, racial, and ethnic diversity increases among emerging professionals

For the first time since NCARB began collecting demographics data, gender equity improved along every career stage.

Industry Research | May 25, 2017

Project labor agreement mandates inflate cost of construction 13%

Ohio schools built under government-mandated project labor agreements (PLAs) cost 13.12 percent more than schools that were bid and constructed through fair and open competition.

Market Data | May 24, 2017

Design billings increasing entering height of construction season

All regions report positive business conditions.

Market Data | May 24, 2017

The top franchise companies in the construction pipeline

3 franchise companies comprise 65% of all rooms in the Total Pipeline.

Industry Research | May 24, 2017

These buildings paid the highest property taxes in 2016

Office buildings dominate the list, but a residential community climbed as high as number two on the list.

Market Data | May 16, 2017

Construction firms add 5,000 jobs in April

Unemployment down to 4.4%; Specialty trade jobs dip slightly.

boombox1 - default
boombox2 -
native1 -

More In Category




halfpage1 -

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021