Maycumber and Associates

Construction unemployment drops

June unemployment rates improved in 47 states, including Florida, a new analysis from Associated Builders & Contractors shows.

The national construction unemployment rate of 4.6 percent was 1.7 percent lower than a year ago, according to data from the U.S. Bureau of Statistics.

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Construction Statistics

“The drop in the construction unemployment rate from June 2015 extends the uninterrupted monthly sequence of year-over-year rate decreases that started in October 2010,” said Bernard M. Markstein, president and chief economist of Markstein Advisors, who did the analysis for ABC. “Starting in 2000, when the BLS data for this series begins, the June national NSA construction unemployment rate has fallen from May every year except 2010 when it was unchanged.”

The top five states with the lowest construction unemployment rates included:

  • Vermont (1.9 percent)
  • Colorado (2.3 percent)
  • Idaho and Iowa (tied at 2.4 percent)
  • Nebraska (2.5 percent)

Meanwhile, Florida’s construction unemployment rate was 5 percent in June, a drop of 1.9 percent from May.