ABC: Construction one of 'few bright spots' in September jobs report
from Construction Dive
Anirban Basu, chief economist for the ABC, said in a statement that construction was one of the "few bright spots" in the September job report, with residential and nonresidential construction "two of the nation's five leading growth segments." "The industry's unemployment rate is down 1.5 percentage points from September 2014 and is essentially at its lowest point in eight years. There are 125,000 fewer unemployed construction workers than there were one year ago, and construction employment is up by 205,000 positions on a year-over-year basis, one of the best performances of any industry in both absolute and percentage terms," Basu said.
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