ALERT: Unemployment rate ticks down to 6.7%. Construction gains payrolls. Still in the ring.

ALERT: Construction remains in the ring regardless of Corona shutdowns as unemployment ticks down to 6.7%.

Construction gained 27,000 jobs in November but still shy of its 279,000 February level. Residential specialty trade contractors added 14,000 jobs while heavy and civil engineering saw an additional 10,000 jobs.

Signs point to resiliency and a very strong backlog not only in infrastructure but multi-family and affordable housing projects. Analysis shows material distribution and supply risks as we watch this carefully with updates coming soon.