Construction Employment Declines by 13,000 in February as Industry’s Unemployment Rate Hits 17.1 Percent, Double Overall Rate
March 09, 2012

The construction industry lost 13,000 jobs between January and February, but continued a string of year-over-year job increases, according to an analysis of new federal employment data released today by AGC. AGC officials said that short-term factors such as weather contributed to the monthly loss even as longer-term trends are becoming a bit more positive.

“Since many firms were able to either get an early start, or a late finish, to construction activity in December and January because of mild conditions, this month’s job decline is probably more of a seasonal correction than the start of a new trend,” said Ken Simonson, AGC’s chief economist. “Given that the industry added over 47,000 jobs in the previous two months, the overall trend line is actually more positive than the monthly figures would indicate.”

To read the full press release, click here.