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ABC's Construction Economic Update covers the latest commercial and industrial construction economic news. Delivered electronically, it provides an analysis of the monthly economic indices released by the federal government, including construction spending, employment, the producer price index and the quarterly gross domestic product.  

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From the category archives: Employment

Employment

Jobs Report Meets Expectations in March

The U.S. construction industry gained 19,000 jobs in March, while the construction unemployment rate fell to 11.3 percent (non-seasonally adjusted) according to the April 4 employment report by the U.S. Department of Labor (DOL). Nonresidential construction segments added 6,700 jobs in March, a marked improvement from the 2,800 jobs (revised) added in February. The improvement led the construction unemployment rate to fall from 12.8 percent in February and 14.7 percent in March 2013. Read the rest of entry »

Nonresidential Construction Gains Jobs in January

The construction industry gained 48,000 jobs in January, according to the Feb. 7 employment report by the U.S. Department of Labor (DOL). Nonresidential construction gained 21,000 jobs, representing a significant rebound from the 14,100 jobs lost by the segment in December. Nonresidential construction accounted for 47.7 percent of January’s total construction industry job gain and 28.1 percent of the construction industry job gain in the past year.
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Nonresidential Construction Employment Declines in December

National construction employment decreased by 16,000 jobs in December, according to a Jan. 10 report by the U.S. Department of Labor.  Nonresidential construction registered the bulk of job losses, contributing 88.1 percent of total construction industry job loss and losing 14,100 positions on a monthly basis.  
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Nonresidential Construction Continues to Gain Jobs in November

National construction employment expanded by 17,000 jobs in November, according to a Dec. 6 report by the U.S. Department of Labor. Nonresidential construction added 7,700 positions on a monthly basis, contributing nearly half (45.2 percent) of the overall gain in construction employment. 
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Construction Employment Resumes Growth in October

Overall national construction employment rose by 20,000 jobs in September, with nonresidential construction employment gaining 12,000 positions, according to an Oct. 22 report by the Department of Labor. The national construction unemployment rate stood at 8.5 percent in September on a non-seasonally adjusted basis, down from 9.1 percent in August and 11.9 percent at the same time last year.
Since September 2012, the construction industry has added 193,000 jobs, or 3.4 percent. Of that total, 37 percent is attributable to nonresidential activities, down from 42 percent in August 2013. 
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Nonresidential Construction Employment Dips in August

While overall national construction employment remained unchanged in August, nonresidential construction lost 3,300 jobs, according to the Sept. 6 employment report by the U.S. Department of Labor. Construction industry employment has grown 3 percent, adding 168,000 jobs, since the same time last year. Nonresidential construction accounted for 42 percent of that growth—making August a deviation from what generally has been a positive nonresidential construction employment trend.
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Construction Unemployment Dips 0.7 Percent in July Despite 6,000 Job Losses

Despite the loss of 6,000 jobs, the nation’s construction industry unemployment rate dipped to 9.1 percent in July on a non-seasonally adjusted rate, according to the U.S. Labor Department’s Aug. 2 employment report. That is down from 9.8 percent in June and 12.3 percent the same time last year. Overall, the construction labor force expanded from 8.08 million in July 2012 to 8.43 million in July 2013.
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Nation’s Construction Industry Adds 13,000 Jobs in June

In June, the nation’s construction industry unemployment rate fell to 9.8 percent for the first time since September 2007 with the addition of 13,000 jobs, according the July 5 report by the Department of Labor. Since June 2012, the industry has added 190,000 jobs—a 3.4 percent increase. Read the rest of entry »

Construction Industry Unemployment Rate Falls to 10.8 Percent

With the summer building season underway, the nation’s construction industry added 7,000 jobs in May as the unemployment rate dipped to 10.8 percent, which is down from 13.2 percent in April and the lowest rate since October 2008, according to U.S. Labor Department. Since May 2012, the industry added 189,000 jobs, or 3.4 percent.  
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Construction Loses 6,000 Jobs in April

The construction industry lost 6,000 jobs in April according to the May 3 employment report by the U.S. Department of Labor, but the unemployment rate decreased to 13.2 percent, down from 14.7 percent in March and 14.5 percent in April 2012.
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