US: Construction unemployment at 17.3 percent - Business News - Construction Digital: "The United States Department of Labor released July employment figures on Friday. 'This past July, the economy gained 71,000 jobs in the private sector,” said U.S. Secretary of Labor Hilda L. Solis, in a statement. “Overall, employment declined by 131,000, and the unemployment rate was unchanged at 9.5 percent. This year we've seen the creation of 630,000 private sector jobs – steady growth averaging 90,000 new private sector jobs each month, which tracks closely with what the Council of Economic Advisors had predicted earlier this year.
Despite this news, the construction industry is losing jobs. According to data from the Department of Labor, construction jobs are at its lowest level in over 14 years. In July alone, the economy lost 11,000 construction jobs. Over 1.5 million construction workers are out of work, creating an unemployment rate of 17.3 percent.
In response to this depressing news, Terry O’Sullivan, the General President of the Laborers’ International Union of North America (LIUNA) issued the following statement:
“Even in a bad economy, construction workers can usually count on a summer surge to provide desperately needed work. Yet in July our nation shed another 11,000 construction jobs and employment in the industry fell to its lowest level in 14 years.
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