flexiblefullpage
billboard
interstitial1
catfish1
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

Market Data | Feb 24, 2021

2021 won’t be a growth year for construction spending, says latest JLL forecast

Predicts second-half improvement toward normalization next year.

Healthcare Facilities | Feb 18, 2021

The Weekly show, Feb 18, 2021: What patients want from healthcare facilities, and Post-COVID retail trends

This week on The Weekly show, BD+C editors speak with AEC industry leaders from JLL and Landini Associates about what patients want from healthcare facilities, based on JLL's recent survey of 4,015 patients, and making online sales work for a retail sector recovery.

Market Data | Jan 19, 2021

2021 construction forecast: Nonresidential building spending will drop 5.7%, bounce back in 2022

Healthcare and public safety are the only nonresidential construction sectors that will see growth in spending in 2021, according to AIA's 2021 Consensus Construction Forecast.

AEC Tech | Feb 13, 2020

Exclusive research: Download the final report for BD+C's Giants 300 Technology and Innovation Study

This survey of 130 of the nation's largest architecture, engineering, and construction firms tracks the state of AEC technology adoption and innovation initiatives at the AEC Giants.

Office Buildings | Feb 11, 2020

Forget Class A: The opportunity is with Class B and C office properties

There’s money to be made in rehabbing Class B and Class C office buildings, according to a new ULI report.

Industry Research | Dec 13, 2019

Attention building design experts: BD+C editors need your input for our 2020 Color Trends Survey

The 2020 Color Trends research project will assess leading and emerging trends and drivers related to the use of color on commercial, institutional, and multifamily building projects.

Architects | Sep 11, 2019

Buoyed by construction activity, architect compensation continues to see healthy gains

The latest AIA report breaks down its survey data by 44 positions and 28 metros.

Industry Research | Aug 29, 2019

Construction firms expect labor shortages to worsen over the next year

A new AGC-Autodesk survey finds more companies turning to technology to support their jobsites.

Codes and Standards | Aug 29, 2019

Industry leaders ask for government help as trades shortage worsens

AGC asks for more funding for education and increased immigration to fill gaps.

boombox1
boombox2
native1

More In Category




Contractors

Conflict resolution is a critical skill for contractors

Contractors interact with other companies seventeen times a day on average, and nearly half of those interactions (eight) involve conflicts, according to a report by Dodge Construction Network and Dusty Robotics. The study suggests that specialty trade contractors, in particular, rarely experience good resolution from conflicts. 

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