DOL reports reduction in construction unemployment
According to a May 4 report by the U.S. Department of Labor (DOL), the U.S.' construction industry unemployment rate fell to 14.5 percent, down from 17.2 percent in March and 17.8 percent in April.
The nonresidential building construction sector added 6,000 jobs, a 0.9 percent annual increase as April employment stood at 658,400. Nonresidential specialty trade contractors gained 3,900 jobs, a 0.2 percent increase since April 2011. Heavy and civil engineering construction employment increased by 3,300 jobs and added 18,400 jobs, a 2.2 percent increase from April 2011. And during the past year, the U.S. has added 1,816,000 jobs—a 1.4 percent increase—to job totals.
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