The construction industry lost 20,000 jobs between September and October as the segment’s unemployment rate hit 13.7 percent, according to an analysis of new federal employment data released today by AGC. Association officials said the employment drop reflects continued declines in public sector investments. They added that construction employment could benefit from increased transportation investment and other pro-growth measures designed to boost private sector demand.
For the full press release, click here.
This story was covered by Business Insurance, Boston Business Journal, KNTV-Las Vegas, Pit and Quarry, Mecklenburg Times, Journal of Commerce, and BNA Construction Labor Report.
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