Construction employment increased by 4,000 jobs in May following an increase of 33,000 jobs in April, according to www.agc.org.
The construction industry unemployment rate fell to 3.2%. The national unemployment rate for all industries remained at 3.6%.
The construction sector added 215,000 net new jobs during the past 12 months—a 3% increase. Average hourly earnings in construction increased 3.2% during the past year to $30.68, which is 10% higher than the private-sector average of $27.83.
“The construction industry unemployment rate in May was even lower than for the overall economy,” says Ken Simonson, chief economist for the Associated General Contractors of America. “Even though average pay in construction is 10% higher than in the private sector as a whole, the number of job openings keeps climbing.”