National Vendors
Regional Vendors
Sign up for LAWeekly newsletter
The February job numbers indicate a U.S. economy that continues to strengthen, and a construction industry that is following suit. As reported by the Bureau of Labor Statistics, the unemployment rate inched down from 5.7 percent to 5.5 percent, which is the lowest level in over six years thanks to the 295,000 jobs added last month – 29,000 of those in construction. Leisure and hospitality was once again the biggest contributor to the overall total with 66,000 new jobs. On the minus side, the labor force participation rate dropped slightly to 62.8 percent in February, near modern lows, indicating people continue to drop out of the labor force. According to Jeffry Bartash of MarketWatch, when taking into account the 17.5 million people too discouraged to look for work or only able to obtain part-time work, the nation's unemployment rate is 11 percent.
Revitalizing the Packing District
Esplanade at Aventura
A Serene Escape in Uptown Charlotte
Raleigh, North Carolina
Sign up to receive Landscape Architect and Specifier News Magazine, LA Weekly and More...
Invalid Verification Code
Please enter the Verification Code below
You are now subcribed to LASN. You can also search and download CAD files and spec sheets from LADetails.