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Construction Unemployment Down in All 50 States

The not seasonally adjusted (NSA) national construction unemployment rate plunged 4.6% in December 2021 from a year ago, from 9.6% to 5%.
By Construction Executive
April 8, 2022
Topics
Markets

The not seasonally adjusted (NSA) national construction unemployment rate plunged 4.6% in December 2021 from a year ago, from 9.6% to 5%, while all 50 states had lower unemployment rates over the same period, according to the U.S. Bureau of Labor Statistics. This substantial improvement occurred even as the omicron variant was sweeping the nation.

While not fully recovered to its pre-pandemic level, national NSA construction employment was 163,000 higher than in December 2020. Seasonally adjusted construction employment was only 96,000, or 1.3%, below its February 2020 peak, before the impact of the pandemic began to affect employment numbers. This beat national seasonally adjusted nonfarm payroll employment, which, although improving, was still 2.2% below its February 2020 peak as of December 2021.

The national NSA construction unemployment rate of 5% was unchanged in December 2021 from its December 2019 reading. Over that same period, 34 states had lower construction unemployment rates and 16 states had higher rates.

The five states with the lowest December 2021 estimated NSA construction unemployment rates were:

  • Nebraska: 1.3%
  • Indiana and Utah (tie): 1.5%
  • Georgia: 1.6%
  • Oklahoma: 2%

The states with the highest December 2021 estimated NSA construction unemployment rates were:

  • New Jersey: 8.3%
  • Michigan: 8.6%
  • North Dakota: 9%
  • New York: 9.5%
  • Alaska: 10%
by Construction Executive

Construction Executive, an award-winning magazine published by Associated Builders and Contractors, is the leading source for news, market developments and business issues impacting the construction industry. CE helps its more than 50,000 print readers understand and manage risk, technology, economics, legal challenges and more to run more profitable and productive businesses.


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