Current Construction Industry Stats

The March unemployment figures of building revealed a mixed image as the sector’s jobless rate dropped from the year- February degrees and before, but nonetheless, it lost 1,000 jobs in the month, the Bureau of Labor Statistics says.

construction updates

The BLS speeds aren’t corrected for seasonal variations and one hint of spring for building is a drop in the unemployment rate as well as a pick-up in job action as the weather improves.

Building economists point out that the fall in work in March of the sector was the sector’s first month-to-month decrease since December 2013. BLS occupations figures are seasonally adjusted.

The BLS report suggests that March occupation losses among residential specialty trade contractors and in heavy-civil engineering building cancelled out an increase in the buildings sector.

Residential specialty trade contractors were hit hardest losing . Occupations 6,500 The heavy-civil sector also was down, losing occupations to 3,900.

Additionally, the forthcoming May 31 expiration of the MAP-21 extension has raised doubt over how much federal capital support that state sections of transportaion can anticipate in coming months.”

On the other side, nonresidential specialty trades got and buildings 4,400 building companies’ work force increased by 4,300, BLS reported.

Architectural and engineering services, which BLS lists individually from building, also continued to add jobs, getting 4,200 last month