Construction loses 3,000 jobs in August but jobless rate falls to 4.6%.

Construction’s August unemployment rate improved sharply from its July and year-earlier levels, but the industry still lost 3,000 jobs during the month, as losses in the nonresidential area outpaced gains in residential building, the Bureau of Labor Statistics has reported.

BLS said in its monthly U.S. employment status report, released on Sept. 3, that construction’s jobless rate fell to 4.6% in August from July’s 6.1%. The August mark also was well below the year-earlier level of 7.6%, the bureau’s data show.

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https://www.enr.com/articles/52364-construction-loses-3000-jobs-in-august-but-jobless-rate-falls-to-46

Tom is a construction estimator with over 35 years of experience in the industry from field work to general contracting.

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