Unemployment Rate2018-09-18T09:41:38+00:00

The U.S. annual unemployment rate continues to reach historic lows.

After peaking in 2010 at 9.6%, the annual unemployment rate dipped to 4.4% in 2017, and is expected to average 3.8% in 2018. According to a survey of sixty economists conducted bi-monthly by the Wall Street Journal, the unemployment rate is forecasted to bottom out at 3.6% by 2020. The low unemployment level goes hand-in-hand with a lack of capacity in the labor force, particularly construction labor. This lack of labor availability is evident in the AGC Annual Labor Survey under the Construction Labor Trends section.


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