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Construction unemployment rate climbs to 17.3 percent

Post Time:Nov 05,2010Classify:Industry NewsView:108

Even as the number of people working in construction increased by 5,000 between September and October 2010, the industry’s unemployment rate rose to 17.3 percent, according to an analysis of federal employment figures released today by the Associated General Contractors of America. Temporary government investments boosted commercial construction employment, offsetting further job losses in residential construction, association officials noted.

“Despite significant help from programs like the BRAC and the stimulus, construction employment continues to lag behind much of the private sector,” said Stephen E. Sandherr, the association’s chief executive officer. “It is yet another indicator that the economy has a long way to grow before demand for new office buildings, retail centers and manufacturing facilities returns,” according to a Nov. 5 AGC of America release.

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Source: http://www.glassmagazine.com/news-item/commercial/construction-unemployment-rate-climbs-173-percent-107079Author:

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