Construction Unemployment Falls to 9.8 Percent, Lowest June Level Since 2008
July 10, 2013
For the first time since 2008, the construction unemployment rate dropped below double digits in June, according to new government data analyzed by the Associated General Contractors of America. The data also showed that every segment of the construction industry experienced an increase in employment. Association officials said the relatively positive jobs report for the sector highlights the need to address possible shortages of skilled and entry-level workers.
“Construction employment in June was the highest since August 2009,” said Ken Simonson, the association’s chief economist. “But employment is still down by one-quarter from the peak more than seven years ago. Many of those laid-off workers have left the industry--whether for employment elsewhere, more education or retirement--and construction companies face a looming worker shortage.”
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