A new report from the Bureau of Labor Statistics found that the U.S. construction industry added 45,000 jobs during the month of April. According to Associated Builders and Contractors, nonresidential construction employment rose by 12,400 jobs in April while nonresidential specialty trade contractors added 20,200 new jobs following a loss of 9,000 jobs in March.
The following is a breakdown of construction employment in April:
• Nonresidential building construction employment fell by 7,800 jobs for the month but is up by 16,600 jobs (2.4 percent) from the same time last year.
• The heavy and civil engineering construction segment added 8,400 jobs in April and employment is up by 33,100 positions (3.6 percent) year-over-year.
• Residential building construction employment expanded by 2,800 jobs in April and is up by 41,200 jobs (6.3 percent) on an annual basis.
• Residential specialty trade contractors added 20,800 net new jobs in April and has added 102,400 jobs (6.8 percent) since April 2014.
• Nonresidential specialty trade contractors added 20,200 jobs for the month and employment in that category is up by 76,400 jobs (3.5 percent) from the same time last year.
Mining and logging lost 15,000 net jobs in April after gaining jobs in every month during 2014. This sector lost more jobs during the first quarter of 2015 (-48,000) than it added in all of 2014.
“While the broader jobs report proved better than expected, April was the best month for construction employment since January 2014,” said Associated Builders and Contractors Chief Economist Anirban Basu. “Though it may have been expected to see solid job creation performance reflected in today’s report, it is still a relief to obtain a nice piece of data. Economic data regarding retail sales, industrial production, and other elements of economic life have largely been disappointing to date and the March jobs report fell in line with that series of uninspired results. Data regarding unemployment claims strongly suggested that employers viewed the recent bout of economic weakness as temporary. The lack of new lay-off activity indicates an ongoing demand for labor and April’s reasonably strong employment gains suggest that many employers continue to search for additional staffing."
Related Stories
Sponsored | BD+C University Course | May 10, 2022
Designing smarter places of learning
This course explains the how structural steel building systems are suited to construction of education facilities.
Market Data | May 10, 2022
Hybrid work could result in 20% less demand for office space
Global office demand could drop by between 10% and 20% as companies continue to develop policies around hybrid work arrangements, a Barclays analyst recently stated on CNBC.
Multifamily Housing | May 10, 2022
Multifamily rents up 14.3% in 2022
The average U.S. asking rent for multifamily housing increased $15 in April to an all-time high of $1,659, according to Yardi Matrix.
Headquarters | May 10, 2022
JPMorgan Chase’s new all-electric headquarters to have net-zero operational emissions
JPMorgan Chase’s recently unveiled plans for its new global headquarters building in New York City that is rife with impressive sustainability credentials.
Building Team | May 9, 2022
Cincinnati’s Andrew J Brady Music Center transforms the city’s riverfront
In Cincinnati, Ohio, the Andrew J Brady Music Center aims to connect audiences with live music while transforming Cincinnati’s riverfront.
Sponsored | Multifamily Housing | May 8, 2022
Choosing the right paver system for rooftop amenity spaces
This AIA course by Hoffmann Architects offers best practices for choosing the right paver system for rooftop amenity spaces in multifamily buildings.
Market Data | May 6, 2022
Nonresidential construction spending down 1% in March
National nonresidential construction spending was down 0.8% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau.
Building Team | May 6, 2022
Atlanta’s largest adaptive reuse project features cross laminated timber
Global real estate investment and management firm Jamestown recently started construction on more than 700,000 sf of new live, work, and shop space at Ponce City Market.
Higher Education | May 5, 2022
To keep pace with demand, higher ed will have to add 45,000 beds by year-end
The higher education residential sector will have to add 45,000 beds by the end of 2022 to keep pace with demand, according to a report by Humphreys & Partners Architects.
Legislation | May 4, 2022
Washington is first state to mandate all-electric heat for new large buildings
Washington recently became the first state to require all electric heat for new buildings.