Construction Unemployment Rates Improve in 32 States Year-Over-Year
WASHINGTON, D.C., Oct. 31—September not seasonally adjusted
(NSA) construction unemployment rates improved in 32 states
and the nation on a year-over-year basis, according to analysis released today
by Associated Builders and Contractors (ABC). The national NSA construction
unemployment rate of 5.2 percent was 0.3 percent lower than a year ago,
according to data from the Bureau of Labor Statistics (BLS).
This was the lowest September construction unemployment rate since 2000, when it was 4.6 percent. BLS data also reported that the industry employed 208,000 more people than in September 2015.
“September 2016 marks the sixth year of uninterrupted monthly year-over-year rate decreases in the national construction unemployment rate that began in October 2010,” said Bernard M. Markstein, Ph.D., president and chief economist of Markstein Advisors, who conducted the analysis for ABC. “These industry-specific unemployment rates are not seasonally adjusted, so it is important to note states’ performance on a year-ago basis. The year-over-year improvement in the national unemployment rate as well as in the rates of 32 states demonstrates the steady improvement in the construction job market over the past year.”
Like August, the historical pattern for change in the national NSA construction unemployment rate from the month before is ambiguous. Starting in 2000, when the BLS data for this series begins, through 2015, the change in the September rate from August has fallen eight times, risen seven times and been unchanged once. This year’s September increase of 0.1 percent adds an eighth year that the rate has risen from August.
This was the lowest September construction unemployment rate since 2000, when it was 4.6 percent. BLS data also reported that the industry employed 208,000 more people than in September 2015.
“September 2016 marks the sixth year of uninterrupted monthly year-over-year rate decreases in the national construction unemployment rate that began in October 2010,” said Bernard M. Markstein, Ph.D., president and chief economist of Markstein Advisors, who conducted the analysis for ABC. “These industry-specific unemployment rates are not seasonally adjusted, so it is important to note states’ performance on a year-ago basis. The year-over-year improvement in the national unemployment rate as well as in the rates of 32 states demonstrates the steady improvement in the construction job market over the past year.”
Like August, the historical pattern for change in the national NSA construction unemployment rate from the month before is ambiguous. Starting in 2000, when the BLS data for this series begins, through 2015, the change in the September rate from August has fallen eight times, risen seven times and been unchanged once. This year’s September increase of 0.1 percent adds an eighth year that the rate has risen from August.
The Top
Five States
The states with the lowest estimated NSA construction unemployment rates in order from lowest rate to highest they were:
1. Colorado
2. South Dakota
3. Idaho and North Dakota (tie)
5. Massachusetts
The states with the lowest estimated NSA construction unemployment rates in order from lowest rate to highest they were:
1. Colorado
2. South Dakota
3. Idaho and North Dakota (tie)
5. Massachusetts
The Bottom
Five States
The states with the highest NSA construction unemployment rates in order from lowest to highest rates were:
46. Alabama
47. Pennsylvania
48. Rhode Island
49. New Mexico
50. Alaska
Fromt ABC
The states with the highest NSA construction unemployment rates in order from lowest to highest rates were:
46. Alabama
47. Pennsylvania
48. Rhode Island
49. New Mexico
50. Alaska
Fromt ABC
Trenton H. Cotney
Florida Bar Certified Construction Lawyer
Trent Cotney, P.A.
407 N. Howard Avenue
Suite 100
Tampa, FL 33606
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