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 rate, their year-over-year improvement in construction employment and monthly improvement in construction employment.
Read more on ABC's website.
Related Stories
Market Data | Nov 15, 2017
Architecture Billings bounce back
Business conditions remain uneven across regions.
Market Data | Nov 14, 2017
U.S. construction starts had three consecutive quarters of positive growth in 2017
ConstructConnect’s quarterly report shows the most significant annual growth in the civil engineering and residential sectors.
Market Data | Nov 3, 2017
New construction starts in 2018 to increase 3% to $765 billion: Dodge report
Dodge Outlook Report predicts deceleration but still growth, reflecting a mixed pattern by project type.
Market Data | Nov 2, 2017
Construction spending up in September; Down on a YOY basis
Nonresidential construction spending is down 2.9% on a year-over-year basis.
Sponsored | Industry Research | Oct 26, 2017
Get clients to pay you faster with these five tips
Here are 5 ways to avoid a cash crunch by doing your part to help clients make their payments on time.
Market Data | Oct 19, 2017
Architecture Billings Index backslides slightly
Business conditions easing in the West.
Industry Research | Oct 9, 2017
AEC website design trends in 2017 – Planning for 2018
A website that’s behind the times is hurting your business.
Industry Research | Oct 3, 2017
Nonresidential construction spending stabilizes in August
Spending on nonresidential construction services is still down on a YOY basis.
Market Data | Sep 21, 2017
Architecture Billings Index continues growth streak
Design services remain in high demand across all regions and in all major sectors.
Market Data | Sep 21, 2017
How brand research delivers competitive advantage
Brand research is a process that firms can use to measure their reputation and visibility in the marketplace.
