Industry gains 5,000 jobs during the month
Engineering New-Record | By Tom Ichniowski
May 5, 2017
The construction unemployment rate fell sharply in April, to 6.3% from March’s 8.4%, but it rose slightly from the year-earlier 6%, the Labor Dept. has reported.
The department’s Bureau of Labor Statistics also said in its latest monthly employment report, released on May 5, that construction added 5,000 jobs during April.
April’s unemployment rate marks the third month this year in which the industry’s number was higher than the comparable 2016 figure.
Before January 2017, construction had posted more than 70 straight months of year-over-year improvements in its jobless rate.
BLS jobless rates aren’t adjusted for seasonal variations; construction’s rate tends to decline in the spring and summer months when the volume of building picks up.