Construction employment increased by 6,000 for the month and 191,000 (2.8%) y/y. The July total, 6,899,000, was the largest since October 2008. Average hourly earnings in construction increased 2.4% y/y to $28.90, or 9.6% higher than the average for all private-sector employees ($26.36, a rise of 2.5% y/y).
August 07, 2017
Seasonally adjusted construction employment rose in 41 states from June 2016 to June 2017, decreased in eight states and the District of Columbia, and remained unchanged in Iowa, an AGC analysis of BLS data released on Friday showed.
July 28, 2017
Construction spending totaled $1.230 trillion at a seasonally adjusted annual rate in May, nearly the same as in April (although that figure was revised up by $11 billion or 0.9%), the Census Bureau reported on Monday. Spending has varied little in the first five months of 2017, but the rate in all five months exceeded the previous high set in 2006 (without adjusting for inflation).
July 07, 2017
There were 203,000 construction industry job openings, not seasonally adjusted, at the end of April—the highest April level since 2007, the Bureau of Labor Statistics (BLS) reported on Tuesday in its monthly Job Openings and Labor Turnover Survey (JOLTS).
June 12, 2017
Nonfarm payroll employment in May rose by 138,000, seasonally adjusted, from April and by 2,226,000 (1.6%) year-over-year (y/y), the Bureau of Labor Statistics (BLS) reported Friday. The unemployment rate dipped to 4.3% from 4.4% in April.
June 05, 2017
Data-tracking consultancy Lodging Econometrics reported on May 10 that the first-quarter 2017 hotel construction "pipeline currently stands at 5,032 projects..., up 13% by projects year-over-year....There are 1,511 projects...under construction, up by 155 projects [year-over-year] or 11%."
May 29, 2017
Seasonally adjusted construction employment rose in 39 states from April 2016 to April 2017, held steady in North Carolina and West Virginia, and fell in nine states and the District of Columbia, an AGC analysis of BLS data released on Friday showed.
May 24, 2017