• About MDM
  • Cart
  • Terms & Conditions
  • Privacy Policy
  • Cookies Statement
  • News
    • Premium Articles
    • Latest
    • Technology & Digital
    • Mergers & Acquisitions
    • Talent Development
  • Resources
    • Store
      • Market/Economic Data
      • Management
      • Economic Benchmarks for Wholesale Distribution
      • Sales & Marketing
      • Special Reports
      • What Customers Want
    • Conferences
    • Webcasts
    • Podcasts
    • Directories
      • Associations
      • Buying and Marketing Groups
      • Investment Bank Guide for Distributors
    • Free Reports
    • Partners
  • Research
    • 2019 Market Leaders lists
    • MDM Analytics
    • Economic Benchmarks
    • Industry Competitive Landscape
    • White Papers
  • Subscribe
    • MDM Daily Update
    • MDM Premium
    • Podcasts
  • Premium
    • Download The Issue
    • Subscription Renewal
  • Sign In
  • Sign Out
  • My Account
Home » Construction Unemployment Rate Down in February

Construction Unemployment Rate Down in February

April 4, 2018
MDM Staff
No Comments

The February 2018 not seasonally adjusted (NSA) national construction unemployment rate was 7.8 percent, down 1 percent from February 2017 and the lowest national February rate on record, according to an analysis of U.S. Bureau of Labor Statistics data from the Associated Builders and Contractors. Estimated construction unemployment rates were down in 34 states year-over-year, unchanged in one state (Arizona), and up in 15 states.

The construction industry employed 273,000 more workers in February 2018 compared to February 2017.  

Favorable weather conditions in most of the country contributed to the positive results, although a shortage of skilled construction workers continues to be a drag on construction activity. Recent building materials price increases, particularly for steel and aluminum, “pose an additional, serious threat to future construction activity,” said Bernard M. Markstein, president and chief economist for Markstein Advisors, who conducted the analysis for ABC.

The five states with the lowest NSA construction unemployment rates in February were: Idaho (4.1 percent); Colorado (4.3 percent); Hawaii (4.6 percent); Virginia (4.8 percent); and Louisiana (4.9 percent).

The five states with the highest NSA construction unemployment rates in February were: Pennsylvania (12.6 percent); West Virginia (14 percent); Montana (15 percent); Rhode Island (17.2 percent); and Alaska (25.9 percent).

For more information, go to: abc.org.

 

U.S. Economic Trends
  • Related Articles

    MAPI Forecast: Full Recovery in Sight

    U.S. GDP Up 2.3% in 2017 According to Third Estimate

    Conference Board Consumer Confidence Index Decreases in March

  • Related Products

    Construction Permits in Canada Fall in February

    Construction Spending Hits All-Time High in February

    Manufacturing, Construction Employment Continues to Fall in February

MDM Staff

MAPI Report: Recovery 'Clearly Under Way'

More from this author

Recent Articles by MDM Staff

Download this Issue as a PDF: November 25, 2019

Download this Issue as a PDF: November 10, 2019

Download this Issue as a PDF: October 25, 2019

Post a comment to this article

Report Abusive Comment

Popular Stories

  • Distributors are About to Get Commoditized

  • Distributors Struggle with Online Pricing

  • Finding Your ‘Why It Matters’

  • Convenience Will Deliver Sales and Loyalty

  • What are College Seniors Looking for as They Enter the Distribution Field?

Subscribe to MDM Update Newsletter

Your best source for news and trends in the wholesale distribution industry

Join Today
  • ABOUT MDM
    • About
    • Terms and Conditions
    • Authors
  • HELP
    • My Account
    • Login Help/ Password Reset
    • Research
    • Privacy & Data Act

CONTACT
6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060 
Toll free (888) 742-5060

 

Copyright ©2019. All Rights Reserved

  • Privacy Policy
  • Terms and Conditions