September not seasonally adjusted (NSA) construction
unemployment rates improved in 32 states and
the nation on a year-over-year
basis, according to analysis released today by
Associated Builders and Contractors (ABC). The national NSA construction
unemployment rate of 5.2 percent was 0.3 percent lower than a year ago,
according to data from the Bureau of Labor Statistics (BLS).
This was the lowest September construction unemployment rate
since 2000, when it was 4.6 percent. BLS data also reported that the industry
employed 208,000 more people than in September 2015.
“September 2016 marks the sixth year of uninterrupted monthly
year-over-year rate decreases in the national construction unemployment rate
that began in October 2010,” said Bernard M. Markstein, Ph.D., president and
chief economist of Markstein Advisors, who conducted the analysis for ABC.
“These industry-specific unemployment rates are not seasonally adjusted, so it
is important to note states’ performance on a year-ago basis. The
year-over-year improvement in the national unemployment rate as well as in the
rates of 32 states demonstrates the steady improvement in the construction job
market over the past year.”
Like August, the historical pattern for change in the national
NSA construction unemployment rate from the month before is ambiguous. Starting
in 2000, when the BLS data for this series begins, through 2015, the change in
the September rate from August has fallen eight times, risen seven times and
been unchanged once. This year’s September increase of 0.1 percent adds an
eighth year that the rate has risen from August.
Eighteen states did post declines in their estimated
construction unemployment rates from
August. Five states had unchanged rates.
View states ranked by their construction unemployment
rate, their year-over-year improvement in construction
employment and monthly improvement in construction employment.
View states unemployment rate for all industries.
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