Construction adds 30k jobs in December, 210k for 2017

Wayne Grayson

January 18, 2018

construction workers

The U.S. construction industry saw employment increase by 3.1 percent during 2017, according to preliminary data from the U.S. Department of Labor.

Industry employment increased by 30,000 jobs in December to a seasonally adjusted annual rate of 6.993 million Americans. Construction added a total of 210,000 jobs over the course of 2017.

The new data also revised the November jobs total upward from 6.955 million to 6.963 million. The change increases what was a monthly increase for November of 24,000 jobs to 27,000 jobs.

Construction’s unemployment rate rose from 5 percent in November to 5.9 percent in December.

The U.S. economy added 148,000 jobs in December and 2 million jobs over the course of 2017. The nation’s unemployment rate remained flat at 4.1 percent.

Construction employment since Jan. 2007

Related

Modest growth forecast for 2018 transportation construction market

The U.S. transportation infrastructure market is anticipated to rebound slightly in 2018 after a 2.8-percent drop in 2017, according to the latest forecast from the ...

There are no comments

Your email address will not be published. Required fields are marked *