The construction industry added 13,000 jobs on net in March, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics.
On a year-over-year basis, construction employment expanded by 143,000 jobs, an increase of 1.8% since March 2024 and the slowest year-over-year growth in four years.
The construction unemployment rate decreased to 5.4% in March and is unchanged from March 2024. Unemployment across all industries rose from 4.1% in February to 4.2% in March.
“At first glance, this is a perfectly fine jobs report for the construction industry,” ABC Chief Economist Anirban Basu said in a statement. “The details, however, give cause for concern. With downward revisions to the January and February numbers, the industry added just 8,000 jobs per month during the first quarter of 2025.”
Read the full report here.
