Unemployment down — and construction employment up

You’ve probably seen the news that the US unemployment rate is down yet again.* Even better, for the first time since 2006 there’s been an increase in the number of people employed in construction; about 46,000 new jobs were created in 2011 (20,000 in residential construction, 26,000 in non-residential).

This may not sound like a lot, but consider that for the past four years the construction industry has lost jobs every year — 2.2 million since 2005. So an increase, even a modest one, is very, very good news.

Read all about it at the ever-interesting Calculated Risk.

 

 

 

 

 

 

 

 

 

 

 

* I won’t talk specific numbers, because the way the Bureau of Labor statistics is so out of whack with reality, but the rate is down.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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