Construction Hiring Stalls in October as Unemployment Rate Ties Record Low

Construction employment totaled 8,367,000 in October, up 1.5% (124,000) year-over-year but down 3,000 from September, as the industry’s unemployment rate tied its record October low of 3.6%, per AGC of America’s analysis of new federal data. All year-over-year gains came from nonresidential contractors, which added 164,600 workers over the past...