---
title: Construction Unemployment Hit Record February Low - Concord LP | Concord Energy Strategies
description: Last month, February construction unemployment hit its lowest level since the Associated General Contractors of America (AGC) started keeping records in 2000. The low unemployment is accompanied by a quickening rise in construction wages — over the past 12 months average hourly earnings in construction increased by 2.4 percent, nearly double the 1.3 percent increase during […]
image: https://www.concordlp.com/hubfs/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg
---

[Home](https://www.concordlp.com/) [/ News](https://www.concordlp.com/news)

 / Construction Unemployment Hit Record February Low

![](https://www.concordlp.com/hubfs/Blog%20Assets/blog-header-bg.webp)

[Construction](https://www.concordlp.com/news/tag/construction)

Published:

 Mar 04, 2016 

 |

Updated:

 Mar 04, 2016 

 |

 1 min

# Construction Unemployment Hit Record February Low

Posted By

[ Concord ](https://www.concordlp.com/news/author/concord)

Share Now

[![Share on linkedin](https://www.concordlp.com/hubfs/linkedin-icon.svg) ](http://www.linkedin.com/shareArticle?mini=true&url=https://www.concordlp.com/news/construction-unemployment-hit-record-february-low&utm_medium=social&utm_source=linkedin) [![Share on twitter](https://www.concordlp.com/hubfs/x-icon.svg) ](https://twitter.com/intent/tweet?original_referer={{%20social_link_url%20}}&url={{%20social_link_url%20}}&source=tweetbutton&text={{content.name|striptags}) [![Share on facebook](https://www.concordlp.com/hubfs/facebook-icon.svg) ](http://www.facebook.com/share.php?u=https://www.concordlp.com/news/construction-unemployment-hit-record-february-low&utm_medium=social&utm_source=facebook)

![link-icon](https://www.concordlp.com/hubfs/link-icon.svg)

Last month, February construction unemployment hit its lowest level since the Associated General Contractors of America (AGC) started keeping records in 2000.

The low unemployment is accompanied by a quickening rise in construction wages — over the past 12 months average hourly earnings in construction increased by 2.4 percent, nearly double the 1.3 percent increase during the previous 12 months.

For more information, [visit the following link](https://www.agc.org/news/2016/03/04/construction-firms-add-19000-workers-february-number-unemployed-workers-hits-lowest).

***As construction spending grows, so do opportunities to incorporate energy-efficient designs in your projects — and to earn the Section 179D deduction (up to $1.80 per square foot). As the country’s leading specialist in this deduction, Concord has the experience, knowledge and capacity to handle any project, at every step of the way. Contact us at 888-897-5445 or [via the following link](mailto:dennis@concordlp.com), and find out what Concord can do.***

Related Articles

![](https://www.concordlp.com/images/Related%20article%20image.png)

Jul 16, 2025

 179D Extended! 2017 Projects Now Eligible

## Related **articles**

![](https://www.concordlp.com/hs-fs/hubfs/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg?width=800&height=500&name=concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg)

[Construction](https://www.concordlp.com/news/tag/construction)

Aug 01, 2016

### Construction Spending Declines

[Explore resource](https://www.concordlp.com/news/construction-spending-declines)

![](https://www.concordlp.com/hs-fs/hubfs/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg?width=800&height=500&name=concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg)

[AIA](https://www.concordlp.com/news/tag/aia)

Jul 26, 2016

### AIA Sees Steady, but Moderating, Path Ahead for Construction

[Explore resource](https://www.concordlp.com/news/aia-sees-steady-moderating-path-ahead-construction)

![](https://www.concordlp.com/hs-fs/hubfs/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-34-37-2736-AM-Mar-19-2024-11-48-56-2853-AM-Mar-19-2024-12-35-30-6865-PM.jpg?width=800&height=500&name=concord-default-featured-image-Mar-19-2024-10-34-37-2736-AM-Mar-19-2024-11-48-56-2853-AM-Mar-19-2024-12-35-30-6865-PM.jpg)

[Construction](https://www.concordlp.com/news/tag/construction)

Jul 08, 2016

### Construction Employment Hits Doldrums Early

[Explore resource](https://www.concordlp.com/news/construction-employment-hits-doldrums-early)

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Concord",
    "url" : "https://www.concordlp.com/news/author/concord"
  },
  "dateModified" : "2024-03-19T12:34:45.586Z",
  "datePublished" : "2016-03-04T05:00:00.000Z",
  "headline" : "Construction Unemployment Hit Record February Low - Concord LP | Concord Energy Strategies",
  "image" : [ "https://www.concordlp.com/hubfs/Imported_Blog_Media/concord-default-featured-image-Mar-19-2024-10-31-16-1584-AM-Mar-19-2024-11-45-37-5807-AM-Mar-19-2024-12-32-05-0430-PM.jpg" ],
  "mainEntityOfPage" : {
    "@id" : "https://www.concordlp.com/news/construction-unemployment-hit-record-february-low",
    "@type" : "WebPage"
  },
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "url" : "https://www.concordlp.com/hubfs/concord-logo.svg"
    }
  }
}
```