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|NH Construction Unemployment Among Lowest in Country|
|Published Monday, August 7, 2017|
In June, the not seasonally adjusted (NSA) construction unemployment rate was 4.5 percent, down 0.1 percent from a year ago and the lowest June rate on record, according to data from the U.S. Bureau of Labor Statistics (BLS). Analysis from Associated Builders and Contractors (ABC) finds NSA construction unemployment rates were down in 31 states on a year-over-year basis, and the construction industry employed 204,000 more workers than in June 2016.
“Not only was this the lowest national not seasonally adjusted June construction unemployment rate on record, but all the states had estimated construction unemployment rates below 10 percent,” says Bernard M. Markstein, president and chief economist of Econsult Solutions, who conducted the analysis for ABC. “That is an indication of the health of the construction industry, although a shortage of skilled construction workers still appears to plague the industry.”
Since the beginning of the data series in January 2000, the monthly movement in the national NSA construction unemployment rate from May to June has been a decrease every year except one—2010, when there was no change in the rate from May. This trend continued in 2017 with a 0.8 percent rate drop in the NSA rate from the month before. Among the states, 38 had declines in their June estimated rate from May, and two (Iowa and South Carolina) saw no change.
Colorado and NH tied for third lowest June rate, with a 2.2 percent construction unemployment rate. It was the Colorado's second lowest June rate (matching June 2001’s 2.2 percent rate) since the 1.5 percent rate in June 2000. New Hampshire catapulted to third from having the 17th lowest rate in May. Its rate is the state’s lowest June construction unemployment rate since the estimates began in 2000. Also, the Granite State had the fifth largest monthly decline, down 1.9 percent.
Idaho, with a 1.4 percent estimated NSA construction unemployment rate, had the lowest rate among the states. It was also the state’s lowest June NSA rate since the 1.1 percent in June 2007. Three of the states with the highest construction unemployment rates—Alaska, New Mexico and Mississippi—were also among the five states with the highest construction unemployment rates in May. New Mexico had the highest estimated NSA construction unemployment rate in June with 9.1 percent.
The Top Five States
- Idaho, 1.4 percent
- Vermont, 2 percent
- Colorado and NH (tied), 2.2 percent
- North Dakota, 2.3 percent
The Bottom Five States
- Alabama and Connecticut (tied), 6.8 percent
- Mississippi, 7.2 percent
- Alaska, 7.3 percent
- New Mexico, 9.1 percent
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