Alabama Construction News

JAN-MAR 2018

Alabama Construction News is the states only bimonthly magazine dedicated to the commercial construction industry.

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21 JAN-MAR 2018 AL CONSTRUCTION NEWS BUILDING ALABAMA | INDUSTRY OUTLOOK & TRENDS while North Dakota dropped to 39th place at 6.5 percent. For Iowa, it was the state's second lowest November rate on record after the 4 percent rate in November 2016. North Dakota had the second highest monthly and year-over-year increase in its rate in the country, up 3.6 percent and 1.5 percent, respectively. THE BOTTOM FIVE STATES The states with the highest November NSA construction unemployment rates in order from lowest to highest were: 46. Connecticut, 7.7 percent 47. Illinois, 8 percent 48. New Mexico, 8.1 percent 49. Montana, 10.3 percent 50. Alaska, 16.3 percent Three of these states (Alaska, Illinois and New Mexico) were also among the bottom five states in October. Alaska had the highest rate in the nation for the fourth consecutive month. Its high construction unemployment rate at this time of the year is not unusual given that these estimates are not seasonally adjusted. Montana had the second highest construction unemployment rate in November compared to 16th highest in October (tied with Wisconsin). The state had the largest monthly and year-over-year increase in the nation, up 5.2 percent and 4.1 percent, respectively. New Mexico had the third highest estimated NSA construction unemployment rate in November. That was an improvement from second highest in October and its rate was also down 1.3 percent from November 2016. Also, the rate was the state's second lowest November construction unemployment rate since the 7.3 percent rate in November 2008, behind November 2014's 7.8 percent rate. Illinois had the fourth highest rate in November compared to third highest in October. This was the state's lowest November construction unemployment rate since its 6.8 percent rate in November 2006. Connecticut, which had the 12th highest rate in October (tied with Washington State) with a 5.4 percent rate, had the fifth highest rate in November. It was the nation's fifth largest monthly increase (up 2.3 percent) and the fourth largest year-over-year increase (up 1 percent). Nonetheless, after last year's 6.7 percent rate, it was the state's second lowest estimated November NSA construction unemployment rate since its 7.1 percent rate in November 2007. Alabama Certification #98121 Alabama Certification #50664

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