Construction Industry Hired 1,000 More Workers in August

Nice, but not exactly the numbers anyone is looking for. That's the quick take on an analysis by the Associated General Contractors of America, which reported that contractors hired 1,000 more workers in August. Partly as a result of the hiring, the industry's unemployment rate dropped to 11.3% from 13.5% last year. "While we all breathe a sigh of relief any time the sector adds jobs, these numbers are hardly cause for celebration," said Stephen Sandherr, the AGC’s chief executive officer.