Construction employers added 17,000 jobs in October while the industry's unemployment rate fell to 11.4 percent, according to an analysis of new federal data released today by the Associated General Contractors of America. Association officials noted that total construction employment levels have changed little during the past year while the declines in the industry’s unemployment rate are coming as more former workers leave the industry.
“Despite five consecutive months of construction employment gains, the overall employment picture is essentially unchanged from a year ago,” said Ken Simonson, the association's chief economist. “Construction employment appears stuck in a state of mild monthly flux with little change to the overall number of jobs.”
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