Data Digest 5.08.23: Construction job increase, unemployment rate hits new low in April

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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…
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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…
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DMI slides in April  The Dodge Momentum Index fell 5.1% in April but rose 11% y/y, Dodge Construction Network reported on Friday…
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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…
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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…
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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…
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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…
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