According to the latest Employment Situation Summary from the U.S. Bureau of Labor Statistics, the U.S. economy added 266,000 jobs in November as the unemployment rate fell to 3.5%. However, residential construction employment was little changed (-500) in November, after an increase of 5,400 jobs in October (revised). Total construction industry (both residential and nonresidential) employment totaled about 7.5 million in November.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.