The 6 states with the highest construction unemployment rates
The 6 states with the highest construction unemployment rates
Abstract
42 states had lower unemployment rates, Arkansas and Wisconsin were unchanged and six states were higher. Oklahoma had the greatest yearly percentage increase in construction unemployment at 1.7% while Alaska had the largest year-over-year decline, down 4% from September 2021. The new data comes as soaring interest rates and a continued shortage of skilled workers put a drag on the commercial construction sector. The Federal Reserve won’t pivot away from its hawkish stance on inflation anytime soon. ‘Rather, interest rates are likely to continue.
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