Construction unemployment rate drops to 13.2 percent despite 6k-job loss in April
The unemployment rate for the construction industry fell this month to 13.2 percent despite the industry experiencing a 6,000-job loss, our sister site, Equipment World, reported.
In March, unemployment was at 14.7 percent.
By the end of April, 5.19 million people held jobs in construction, a 6,000-job loss compared to the 5.769 million employed in March. In the last six month, construction employment has grown by 141,000 jobs. In the last year, 154,000 jobs were added in the industry.
The dip in job growth follows February’s spike of 48,000 added jobs and March’s increase of 18,000 jobs, which is likely to concern analysts.
However, the decrease in job growth in April is not as pronounced as the most recent loss before it when November experienced a 20,000-job loss.
America as a whole added 165,000 jobs and saw a drop in the unemployment rate to 7.5 percent in April.
For more information about construction employment in April, read the full story at EquipmentWorld.com.