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Special Report - Real Estate & Construction - August 16, 2012
Construction unemployment hits a four-year low
Decline due to workers shifting to other sectors for jobs, economist says


Construction employment declined by 1,000 in July even though the industry's unemployment rate fell to 12.3 percent, the lowest level since 2008, says an analysis of new federal data released earlier this month by the Associated General Con­tractors of America.

The sector's unemployment rate has declined steadily since 2009 as hundreds of thousands of out-of-work construction workers have left the industry seeking other opportunities, says Ken Simonson, the association's chief eco...


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