More Louisiana construction workers are finding jobs, according to the latest figures from the Associated Builders and Contractors.
The figures show the unemployment rate for that sector in the state fell to 5.6% in November, down from 6.1% for the same month last year.
Louisiana is one of 38 states in which the unemployment rate for construction workers improved year over year—ranking the state No. 27 out of 50.
The November figure, though, is a half percentage point increase over the 5.1% unemployment rate for the prior month of October.
Nationally, the construction unemployment rate continued to improve, falling to 5.7%—a .5% decrease from one year ago. The nonseasonally adjusted national rate is the lowest November construction unemployment rate on record, matching the 5.7% rate in November 2005 and November 2000, the ABC says.
“The continued decline on a year-over-year basis in the unemployment rate nationally and in the majority of state rates is an indication of the health of the construction job market and its recovery from the deep recession it experienced. The demand for skilled construction workers remains especially strong leading into 2017,” says Bernard M. Markstein, president and chief economist of Markstein Advisors, who conducted the analysis for ABC.
Massachusetts, Utah, New Hampshire, Colorado and Iowa posted the lowest unemployment rates for construction workers.