Residential Construction Industry Loses 7,400 Jobs in May

The residential construction industry lost 7,400 jobs from April to May, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau of Labor Statistics. Year-over-year, the residential construction industry lost 1,000 jobs.

The construction industry as a whole added 4,000 jobs from April to May and 126,000 jobs compared with May 2024, representing a 1.5% increase.

The construction unemployment rate decreased to 3.5% in May. Unemployment across all industries remained unchanged at 4.2%.

Read the full report here.

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