Construction Unemployment Still Rising…
The construction industry continues to hold the unhappy distinction of having THE highest unemployment rate. Last month that rate rose even higher to 18.2%, for the month of July that’s decidedly up from 17.4% in June.
According to the latest release from the Bureau of Labor Statistics the construction industry lost another 76,000 jobs in July compared to an average of 73,000 over the previous three months. So far 1.3 million construction jobs have been lost since the recession began.
The current construction unemployment rate is now double that of the country’s overall unemployment rate which stands at 9.4%.
To review all of the BLS statistic, go here.
