Construction Reporter
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy

unemployment level hits historic low, says report

5/17/2018

0 Comments

 
For the first time since late 2000, the nation’s unemployment level has fallen to 3.9 percent, a benchmark recorded in the U.S. Department of Labor’s just-released April 2018 Employment Situation report.

That report also reveals that starting in the fall of 2016, overall labor force participation among those between 25 and 54 years of age is now at 82.0 percent, up from 81.3 percent in 2016.

While that percentage gain may seem small, in real numbers, according to the Labor Department, it means that more than 900,000 people have found work during that time period.

In a statement, Alexander Acosta, Secretary of Labor, declared “This is a great time to be a job seeker in America.”

Acosta also noted that 164,000 new jobs were added last month, “including gains in goods-producing industries such as manufacturing, mining and logging, and construction.” Both African-American and Hispanic American unemployment rates, added Acosta, “are at the lowest level ever recorded.”

Two trouble spots revealed in the report: the number of longterm unemployed, or those without jobs for more than two years, remains little changed at 1.3 million nationally.

And the number, more than 400,000, among those classified as “discouraged workers,” which has shown little improvement in the last year.

“Discouraged workers are persons not currently looking for work because they believe no jobs are available for them,” the report said.

By Garry Boulard
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox.
    ​Sign up for our newsletter

    Subscribe

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

AFFILIATES

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
HOME
PLANS & PRICING
FREE TRIAL
MAGAZINE​
BECOME A MEMBER
PRINTING SERVICES
FAQS
CONTACT
​ABOUT

TIMELY, RELIABLE NEWS SINCE 1949 ​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758

Copyright © 2022 Construction Reporter
User Agreement   Privacy Policy   Archive Policy
  • Home
  • Services
    • Planroom
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Free Trial
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy