Construction industry adds 7,000 jobs in May
The construction industry added 7,000 jobs in May to reach a total of more than 5.8 million industry employees, according to our sister site, Equipment World.
The figures come from recent U.S. Bureau of Labor Statistics data, which also showed that construction employment in May was the highest it’s been since August 2009.
Preliminary data showed a loss of 6,000 jobs in April, but a revision brought that figure down to 2,000, which could mean the industry a 5,000-job gain if May’s gains hold up.
In addition to the increase in jobs, the industry experienced a 13.2-percent fall in unemployment in May, bringing the unemployment rate to 10.8 percent–the lowest since September 2008.
The United States as a whole experienced an addition of 175,000 jobs in May and a 7.6-percent rise in the unemployment rate.
For more information about the May BLS data, read the full story at EquipmentWorld.com.