According to April 5 employment report by U.S. Department of Labor, construction industry unemployment fell from 15.7% in February to 14.7% in March. USA added 18,000 new construction jobs in that month, and year-over-year workforce expansion has been measured at 2.9%. Commenting, Associated Builders and Contractors Chief Economist Anirban Basu said this report "implies that interest rates will remain low, which...is good for real estate valuations and for nonresidential construction."
This story is related to the following:Trade Associations