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Construction jobless rate hovers at 18.8 percent

The prolonged impact of the housing crisis on the construction industry can be seen in November’s unemployment figures, which was reported at 18.8 percent.

According to an Associated General Contractors of America analysis of Labor Department data, the construction industry has suffered more than any other during the recession, with its current unemployment rate higher than that in any other industry and nearly twice the overall jobless rate nationwide.

According to the report, the only sector of the industry that added jobs during the past 12 months was heavy and civil engineering construction, which gets most of its work through government stimulus projects. Non-residential construction lost 62,000 jobs during the past 12 months, and residential construction lost another 79,000 jobs during the previous year, according to the report.

During the same period, the private sector gained more than 1 million jobs, according to the report.

Since the peak of employment in construction in 2006, the industry has lost 2.1 million jobs nationwide, according to the report.

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