The June 2018 not seasonally adjusted national construction unemployment rate increased 0.2 percent to 4.7 percent from June 2017. At the same time, the construction industry employed 282,000 more workers nationally than in June 2017.
While the strong U.S. economy contributed to a positive forecast, a rapid rise in interest rates and materials prices could cause a dip in construction sector spending, especially given ongoing international trade issues.
This newest expansion will house the company’s advanced manufacturing, engineering, and global research and development center, occupying a 3.5-acre site on the company’s Global Headquarters Campus.
B&I, based in Fort Myers, Florida, is one of a growing number of contractors across the country to adopt “lean construction” techniques: a plug-and-play approach to construction that lets workers prefab a project off-site, section by section. Then, at the job site, all that remains is putting the pieces together.
The May 2018 not seasonally adjusted national construction unemployment rate fell 0.9 percent from May 2017 to 4.4 percent, the lowest May rate on record. At the same time, the construction industry employed 291,000 more workers nationally than in May 2017.
Nonresidential specialty trade contractors filled 12,400 positions in January, residential specialty contractors filled another 13,900 jobs, and unemployment rate held steady at 4.1 percent.
Residential specialty construction posted 10,000 new positions, while nonresidential specialty employment grew by nearly 14,000. Unemployment remained static at 4.1 percent.