Data Digest 7.7.23: Construction employment increases in June, unemployment hits new low

Vol. 23, No. 25 July 3-7, 2023Construction employment increases in June, unemployment hits new low; spending rises in May  Construction employment increases in JuneDescription of News Story Image
Construction employment, seasonally adjusted, totaled 7,947,000 in June, a gain of 23,000 from May and 198,000 (2.6%) year-over-year (y/y), according to AGC’s analysis of data the Bureau of Labor Statistics (BLS) posted today…Read moreConstruction spending rises in May
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Construction spending (not adjusted for inflation) totaled $1.93 trillion in May at a seasonally adjusted annual rate, up 0.9% from the upwardly revised April rate and up 2.4% y/y, the Census Bureau reported on Monday…Read moreJob openings reach second-highest May total Description of News Story Image
There were 396,000 job openings in construction, not seasonally adjusted, at the end of May, the second-highest May total in the 23-year history of the series and a decrease of 37,000 (-8.5%) y/y from the all-time May high of 433,000 in 2022, BLS reported on Wednesday in its monthly Job Openings and Labor Turnover Survey (JOLTS) release…
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University campuses fuel commercial real estate market   Housing “geared to college students at popular schools is a rare bright spot in the beleaguered commercial real-estate business,” the Wall Street Journal reported on Wednesday…
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Economic activity in service sector continues to grow  Economic activity in the services sector expanded in June for the sixth consecutive month,” the Institute for Supply Management reported on Thursday…
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2023 Autodesk/AGC Workforce Survey  Contractors are invited to fill out the 2023 Autodesk/AGC Workforce Survey.

Please click here. Results will be posted in late August.