Construction Unemployment Nearing 21%
December employment figures issued by the U.S. Bureau of Labor Statistics indicate that while general-economy employment rose for the 12th month in a row, by 1.3% in December, construction employment fell for the eighth time in 12 months. More than one in five construction workers (20.7%) is unemployed. The Associated General Contractors’ Chief Economist Ken Simonson points out that while construction unemployment is down slightly since
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