Construction employment, seasonally adjusted, totaled a record-high 7,884,000 in January, an increase of 25,000 from the upwardly revised December total and 294,000 (3.9%) year-over-year (y/y), according to AGC’s analysis of data the Bureau of Labor Statistics (BLS) posted today... |
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Job opening and new hires in construction |
There were 359,000 job openings in construction, not seasonally adjusted, at the end of December, an increase of 58,000 (19%) y/y and the largest December total in the 23-year history of the data, BLS reported on Wednesday in its monthly Job Openings and Labor Turnover Survey (JOLTS) release... |
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Construction spending (not adjusted for inflation) totaled $1.81 trillion in December at a seasonally adjusted annual rate, down 0.4% from the upwardly revised November rate and up 7.7% y/y, the Census Bureau reported on Wednesday. However, without a deflator, it is impossible to say how much of the y/y gain is in units vs. price... |
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Wages and salaries in the construction industry |
Wages and salaries in the construction industry rose 1.2%, seasonally adjusted, in the fourth quarter (Q4) of 2022 and 4.7% y/y, up from 3.3% y/y in Q4 2021, BLS reported on Tuesday. The y/y increase was the steepest since the series began in 2001... |
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Metro area construction employment |
Construction employment, not seasonally adjusted, rose from December 2021 to December 2022 in 268 (75%) of the 358 metro areas (including divisions of larger metros) for which BLS posts construction employment data, fell in 47 (13%) and was unchanged in 43, according to an analysis AGC released on Tuesday... |
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