Construction Jan. Jobless Rate Up, but Industry Adds 36K Jobs

All construction segments gained jobs, led by residential specialty trade firms

Engineering News-Record | By Tom Ichniowski
February 3, 2017

The construction employment picture showed mixed results in January as its jobless rate rose both from the previous month’s and year-earlier levels, but the industry added a strong 36,000 jobs, the Labor Dept. has reported.

Construction’s 9.4% jobless rate for January climbed from December’s 7.4% and January 2016’s 8.5%, according to the Bureau of Labor Statistics latest monthly employment report, released on Feb. 3.

January’s rate marks the first year-over-year increase for that key indicator since September 2010. The rates aren’t adjusted for seasonal differences, so weather conditions can affect the month-to-month comparisons.

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