The construction industry added 2,000 jobs from June to July and 96,000 jobs since July 2024, according to the U.S. Bureau of Labor Statistics.
The construction unemployment rate remained unchanged at 3.4% in July. Unemployment across all industries rose from 4.1% in June to 4.2% last month.
“The construction industry has added just 7,000 jobs over the past four months,” Associated Builders and Contractors Chief Economist Anirban Basu said in a statement. “Industrywide employment is up only 1.2% over the past year, a lackluster pace of growth that historically is seen during and immediately following recessions.”
Read the full report here.
