Construction Unemployment Rates Improve in 10 States Year-Over-Year, ABC Says

WASHINGTON, D.C.— Construction unemployment rates were down in 10 states and unchanged in three in January on a year-over-year basis, according to analysis released by Associated Builders and Contractors. For the nation and 37 states, rates were higher than in January 2016, ending 75 consecutive months of year-over-year declines. The national not seasonally adjusted construction unemployment rate of 9.4 percent was up 0.9 percent from January 2016, according to data from the U.S. Bureau of Labor Statistics. Since these industry-specific rates are NSA, it is most accurate to evaluate the national and state-level unemployment rates on a year-over-year basis. In … Read more

Filed under: Economic NewsTagged with: , , ,

Construction Employment Increases in 43 States in Last 12 Months

Forty-three states added construction jobs between February 2016 and February 2017 while 39 states added construction jobs between January and February, according to an analysis by the Associated General Contractors of America of Labor Department data recently released. Association officials noted that the despite the relatively widespread increase in construction employment, most states are still significantly below peak construction employment levels. “A combination of solid demand and unseasonably mild weather added to construction employment in more states than usual in February,” said Ken Simonson, chief economist for the association. “But conditions vary widely. Five states set new records for construction … Read more

Filed under: Economic NewsTagged with: , ,

Construction Employment Shows Mixed Geographic Pattern, Reports AGC

Construction employment showed a mixed pattern geographically in the latest 12 months, increasing in 219 out of 358 metro areas between January 2016 and January 2017, declining in 104 and stagnating in 35, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials noted that firms in many parts of the country are either benefitting from growing demand for construction or having a hard time finding enough qualified workers to keep up with demand, while firms in other parts suffer from declining demand “While construction employment is growing at a healthy … Read more

Filed under: Economic NewsTagged with: ,

Construction Employment Jumps in February

Construction employment increased by 58,000 jobs in February to the highest level since November 2008 with gains in both residential and nonresidential segments, according to an analysis of new government data by the Associated General Contractors of America. The association urged public officials to strengthen training and education programs to help students and current workers better prepare for careers in the high-paying construction field. “These numbers match what many contractors have been telling the association—that demand remains strong for a variety of construction projects and that firms are still hiring, when they can find qualified workers,” said Ken Simonson, the … Read more

Filed under: Economic News, eNewsTagged with: , ,

Construction Employment in January Reaches Highest Level Since 2008

Construction employment increased by 36,000 jobs in January to the highest level since November 2008 as employers increased pay in an effort to address a chronic worker shortage, according to an analysis of new government data by the Associated General Contractors of America. The association urged public officials to strengthen training and education programs to prepare more workers for careers in the high-paying construction field. “This report aligns with what contractors have been telling the association—that the construction industry is still eager to add workers,” said Ken Simonson, the association’s chief economist. “The employment gains would be even larger if … Read more

Filed under: Economic News, eNewsTagged with: ,