Construction Employment Falls to 14-Year Low in June

Seasonally adjusted construction industry employment slipped in June to the lowest total since July 1996 while the industry's unemployment rate remained at 20.1 percent, more than double the average for all workers, according to AGC's analysis of new federal figures. "The recession may have ended a year ago for most of the economy, but for construction, job losses and business closures continue every month," said Ken Simonson, chief economist for AGC. Read AGC's press release here. Simonson was quoted by the Associated Press.