Data Digest 5.08.23: Construction job increase, unemployment rate hits new low in April
Data Digest 5.08.23: Construction job increase, unemployment rate hits new low in April
Posted on
View web version Vol. 23, No. 16 April 27-May 8, 2023Construction job increase, unemployment rate hits new low in April; spending rises in March Construction jobs increase in April Construction employment, seasonally adjusted, totaled 7,903,000 in April, a gain of 15,000 from March and 205,000 (2.7%) year-over-year (y/y), according to AGC’s analysis of data the Bureau of Labor Statistics (BLS) posted on Friday… Read more
Construction spending rises in March Construction spending (not adjusted for inflation) totaled $1.83 trillion in March at a seasonally adjusted annual rate, up 0.3% from the downwardly revised February rate and up 3.8% y/y, the Census Bureau reported on May 1… Read more
DMI slides in April The Dodge Momentum Index fell 5.1% in April but rose 11% y/y, Dodge Construction Network reported on Friday… Read more
Job openings dive in MarchThere were 355,000 job openings in construction, not seasonally adjusted, at the end of March, a decrease of 92,000 (-21%) y/y from the all-time March high of 447,000 in 2022, BLS reported on Tuesday in its monthly Job Openings and Labor Turnover Survey (JOLTS) release… Read more
259 metros add construction jobsConstruction employment, not seasonally adjusted, rose y/y in March in 259 (72%) of the 358 metro areas (including divisions of larger metros) for which BLS posts construction employment data, fell in 60 (17%), and was unchanged in 39, according to an analysisAGC released on Wednesday… Read more
Work zone safety survey deadline is May 12Highway contractors are invited to complete AGC’s annual highway work zone safety survey by May 12. Responses will be kept confidential… Read more
AGC/AIA/ConstructConnect outlook webinar May 9Chief economists Ken Simonson, AGC; Kermit Baker, American Institute of Architects; and Alex Carrick, ConstructConnect will present their views on the construction and design outlook in a webinar on May 9, 2-3:30 pm ET… Read more