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As of December 2019, the construction industry employed 143,000 more workers nationally compared to December 2018, while the national NSA construction unemployment rate decreased from 5.1 percent to 5 percent over the same period, according to BLS numbers.
The construction industry’s overall unemployment fell to its lowest level in almost seven years as companies added 31,000 workers in October, the Associated General Contractors of America reported.
The construction industry’s unemployment rate hit its lowest March level in seven years, according to a new government data analysis by the Associated General Contractors of America.
In the face of stubbornly high industry unemployment rates and a construction market that remains slow, it’s understandable why so many sheet metal and HVAC contractors are in survival mode.