Construction jobless rate reaches 4-year low

06/10/2013 | American City Business Journals

Construction employment increased by 3.4% last month compared with May 2012, bringing the sector's unemployment rate to 10.8%, the lowest since August 2009. "Although the monthly job gain in May was modest, both residential and nonresidential construction have been adding workers at roughly double the rate of the overall economy in the past year," said Ken Simonson, chief economist of the Associated General Contractors of America.

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American City Business Journals