Nonresidential construction employment expands in October
Finally, some good news has been pouring in. The construction industry added 84,000 net new jobs in October, according to Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. The construction unemployment rate was 6.8% in October, up 2.8 percentage points from the same time last year, but down from 7.1% a month earlier. Unemployment across all industries declined from 7.9% in September to 6.9% last month. To know more, click here.
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