The unemployment rate in the construction industry fell to 9.4% in April from 11.3% in the previous month. Furthermore, the unemployment rate in April 2013 was 13.2%, so the yearly decrease is considerable. The overall employment grew by 3.3% over the last year. Six million people are now employed in construction.
This is certainly good news for the field, as 32,000 new jobs were added. 11,000 new positions were added in the area of buildings construction. The number for the heavy and civil engineering was 10,500.
These are all good signs that the industry is steadily improving, as the stronger results are not only for the last months, but for the whole 12-month period. The overall U.S. unemployment also fell to 6.3%, also showing that the positive trend applies to all sectors.
Category: Commercial Bonds