Jobless rate edges up from year-earlier level, but declines from January
Engineering News-Record | By Tom Ichniowski
March 10, 2017
Construction added a strong 58,000 jobs in February and the industry’s unemployment rate showed a mixed pattern, the federal Bureau of Labor Statistics has reported.
The most positive news in the BLS report, released on March 10, was the significant expansion in the construction workforce, which came in all industry segments.
Specialty trade contractors led the monthly jobs gains, adding 36,400, according to preliminary BLS figures. Heavy-civil construction posted an increase of 15,100; buildings construction was up by 5,900.
On a year-over-year basis, construction’s workforce rose by 219,000, or 3%.
But the industry’s February unemployment rate edged up to 8.8%, from the year-earlier 8.7%—the second-straight year-over-year increase. On the other hand, the February rate was an improvement over January’s 9.4%.