US construction unemployment rate drops to 4.7 percent in April

Friday, 03 May 2019 20:58:45 (GMT+3)   |   San Diego

US construction employment increased by 33,000 jobs in April and by 256,000 or 3.5 percent, over the past 12 months, while the number of unemployed jobseekers with construction fell to a record low for April, according to an analysis of new government data by the Associated General Contractors of America.

The unemployment rate for jobseekers who last worked in construction declined to 4.7 percent from 6.5 percent in April 2018, and the number of such workers decreased over the year from 623,000 to 439,000. Both the rate and number of unemployed were the lowest for April since the series began in 2000. Another government series showed that the number of job openings in construction, last reported for February, totaled 286,000, the highest February total in the 19-year history of that series.

Average hourly earnings in construction—a measure of all wages and salaries—increased 3.1 percent over the year to $30.60. That figure was 10.2 percent higher than the private-sector average of $27.77.

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