LoginIn great news on both sides of the pond, construction employment saw improvement in both the U.K. and the U.S. in August and September, implying further growth returning throughout the industry.
While September saw a slight fallback from August in the U.K., where the country saw its highest activity in nearly six years, its industry continued to see plenty of positive results throughout its construction business, according to Reuters. Even more promising: optimism rose to its best rate in three years, while employers created positive growth for the fourth consecutive month.
However, the Bank of England continues to watch the UK labor market, currently keeping interest rates at record lows until the jobless percentage in the country falls to 7 percent.
In the United States in the same period, construction employment grew in approximately 57 percent of the country's metro areas while it declined in about 26 percent of them, according to Construction Equipment. Only 19 of 339 metro areas are at peak employment levels, but experts are hopeful that growth will continue to outpace job losses or stagnation. In many areas, the country is seeing a boost for new residential and energy industry buildings.