Positive Construction Jobs Report in October
The Bureau of Labor Statistics’ October employment report indicates that 84,000 construction jobs were added that month, the largest gain in the industry since June. Trade contractors in residential and nonresidential construction both added jobs, with nonresidential building adding 28,000 jobs, 10,000 more than residential.
Additionally, heavy and civil engineering construction, and building construction each added 19,000 jobs in October. Overall, the industry is still down by 294,000 jobs or 3.9% since its peak in February. Unemployment for the construction industry is at 6.8%, the lowest since the pandemic hit, but still higher than last October’s 4.0% unemployment numbers.
The construction industry continues to recover from its coronavirus-caused deep drop in employment, adding 84,000 jobs in October, the industry’s largest monthly increase since June, the Bureau of Labor Statistics has reported. But the bureau’s latest monthly employment report, released on Nov.
Construction employment increased by 84,000 jobs in October, with jobs added in both nonresidential and residential categories, according to an analysis by the Associated General Contractors of America of government data released today. Association officials cautioned, however, that the pandemic is causing a growing number of construction projects to be canceled or delayed, according to a survey the association released in late October.
For current BoL unemployment stats – go here.
Previously known as HD Supply – Construction & Industrial and now known as White Cap Supply Holdings, Inc., we are made up of three distinct businesses called White Cap, Contractors’ Warehouse and Brafasco: With customer-facing locations across the U.S.
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