View web version Vol. 23, No. 28 July 24-Aug. 4, 2023Employment climbs in July but unemployment rises; June openings, hires decline, spending is mixedEmployment climbs in July but unemployment risesConstruction employment, seasonally adjusted, totaled 7,971,000 in July, a gain of 19,000 from June and 198,000 (2.5%) year-over-year (y/y), according to AGC’s analysis of data the Bureau of Labor Statistics (BLS) posted today… Read more Declines in construction job openings and new hiresThere were 378,000 job openings in construction, not seasonally adjusted, at the end of June, a decrease of 92,000 (-2.1%) y/y from the all-time June high of 386,000 in 2022, BLS reported on Tuesday in its monthly Job Openings and Labor Turnover Survey (JOLTS) release… Read more Construction spending shows a mixed picture in June  Construction spending (not adjusted for inflation) totaled $1.94 trillion in June at a seasonally adjusted annual rate, up 0.5% from the upwardly revised May rate and up 3.5% y/y, the Census Bureau reported on Tuesday… Read more Commercial and multifamily construction starts show decline  The “value of commercial and multifamily construction starts across the top 10 metropolitan areas of the U.S. fell 10% in the first half of 2023, relative to that of 2022,” Dodge Construction Network reportedon July 26… Read more Construction employment grows in 221 metro areas  Construction employment, not seasonally adjusted, rose from June 2022 in 221 (62%) of the 358 metro areas (including divisions of larger metros) for which BLS posts construction employment data, fell in 69 (19%), and was unchanged in 68, according to an analysis AGC released on Wednesday… Read more 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.