Good news: Nebraska has lowest construction unemployment rate

constructionby Dan Rafter

Construction workers seeking a job should head to Nebraska. That Midwest state boasted the lowest construction-industry unemployment.

That’s the news from Associated Builders and Contractors’ analysis of construction unemployment rates across the country. According to the trade association based in Washington, D.C., the construction-industry unemployment rate dropped in 41 of the 50 states.

This is good: As the trade association says, it means that the fortunes of the construction industry continue to improve.

According to the Associated Builders and Contractors’ numbers, the construction unemployment rate in Nebraska stood at 3.5 percent in March of this year. That’s down a full percentage point from a year earlier.

Overall, the country’s construction-industry unemployment rate fell to 9.5 percent in March. That’s down 1.8 percent from March of 2014, when the unemployment rate in the construction industry stood at 11.3 percent.

North Dakota boasted the second-lowest unemployment rate in the industry in March, 3.8 percent, while Wyoming came in third at 4.2 percent.

The Midwest, despite Nebraska’s lofty ranking, doesn’t actually fare that well on the unemployment list. After Nebraska, Kansas is the Midwest state that features the next-lowest construction-industry unemployment rate, coming in 13th at 6.8 percent, a drop of .6 percent from March of 2014. Iowa is right behind Kansas, with a construction-industry unemployment rate of 7.3 percent.

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This entry was posted in Iowa commercial real estate, Kansas Commercial real estate, Nebraska real estate and tagged , , , , . Bookmark the permalink.

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