flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

47 states experienced improvement in year-over-year construction unemployment rates in June

Industry Research

47 states experienced improvement in year-over-year construction unemployment rates in June

The drop in the construction unemployment rate from June 2015 extends the uninterrupted monthly sequence of year-over-year rate decreases that started in October 2010, according to Bernard M. Markstein, PhD, President and Chief Economist of Markstein Advisors.


By Associated Builders and Contractors | August 5, 2016

Pixabay Public Domain

June not seasonally adjusted (NSA) construction unemployment rates improved in 47 states and the nation on a year-over-year basis according to analysis released today by Associated Builders and Contractors (ABC). The national construction unemployment rate of 4.6 percent was 1.7 percent lower than a year ago according to data from the Bureau of Labor Statistics (BLS). Further, the industry boasted its lowest June rate since 2000 when it matched this June’s 4.6 percent rate. BLS data also showed that the industry employed 229,000 more people than in June 2015.

“Starting in 2000, when the BLS data for this series begins, the June national NSA construction unemployment rate has fallen from May every year except 2010 when it was unchanged. This is not surprising given that this is not seasonally adjusted data and that construction activity normally continues to rise nationwide as the weather improves throughout the country. This year’s decrease of 0.6 percent from May continues this pattern,” says economist Bernard M. Markstein, Ph.D., President and Chief Economist of Markstein Advisors, who conducted the analysis for ABC.

The five states with the lowest estimated NSA construction unemployment rates in order from lowest rate to highest were:

1. Vermont 
2. Colorado 
3. Idaho and Iowa (tie) 
5. Nebraska

Three states—Iowa, Nebraska and Vermont—were also among the top five in May.

The five states with the highest estimated NSA construction unemployment rates (from lowest to highest) were:

46. Mississippi
47. Connecticut
48. Rhode Island
49. New Mexico
50. Alabama

Alabama, New Mexico and Rhode Island were also in the bottom five in May.
 

View states ranked by their construction unemployment ratetheir year-over-year improvement in construction employment and monthly improvement in construction employment

 

 

Read more on ABC's website.

Related Stories

Industry Research | Apr 4, 2016

AIA: Public-private partnerships could solve nation’s public infrastructure crisis

A new white paper addresses the nation’s $3 trillion public infrastructure crisis and how public private partnerships offer a possible solution.

Retail Centers | Mar 16, 2016

Food and technology will help tomorrow’s malls survive, says CallisonRTKL

CallisonRTKL foresees future retail centers as hubs with live/work/play components. 

Architects | Mar 11, 2016

AIA survey finds many women and minority architects still feeling underrepresented and unfulfilled

Dissatisfaction with “work-life balance” and compensation are cited as reasons why companies’ diversity strategies may be faltering.

Office Buildings | Feb 26, 2016

Benching, desking, and (mostly) paper-free: Report identifies top trends in workplace design for 2016

The report, from Ted Moudis Associates, encompasses over 2.5 million sf of workspace built over the past two years.

Multifamily Housing | Feb 24, 2016

Senior housing sector experiences record-setting year, says CBRE

Senior housing occupancy is at its highest level since 2007, and 2015 was a record year for sales and institutional transactions, according to CBRE.

Industry Research | Feb 22, 2016

8 of the most interesting trends from Gensler’s Design Forecast 2016

Technology is running wild in Gensler’s 2016 forecast, as things like virtual reality, "smart" buildings and products, and fully connected online and offline worlds are making their presence felt throughout many of the future's top trends.

Industry Research | Feb 18, 2016

Public restroom neglect on the rise

Americans are encountering more unkempt restrooms, triggering negative perceptions of businesses, according to a new study.

Industry Research | Feb 8, 2016

Changing of the guard: Big cities giving way to newer, less expensive offerings

U-Haul truck rental costs are a good early predictor of migration trends in the U.S.

Multifamily Housing | Feb 2, 2016

10 top bathroom design trends for 2016

Floating vanities, tricked-out showers, and freestanding tubs highlight the top bathroom design trends, according to a survey of kitchen and bath design professionals by the National Kitchen and Bath Association.

Multifamily Housing | Feb 1, 2016

Top 10 kitchen design trends for 2016

Charging stations, built-in coffeemakers, and pet stations—these are among the top kitchen design trends for the coming year, according to a new survey of kitchen and bath designers by the National Kitchen & Bath Association.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021