Vol. 23, No. 31 Aug. 28-Sept. 1, 2023Construction job gains outpace overall economy in August; job openings, spending increase in July
Construction job gains outpace overall economy in AugustConstruction employment, seasonally adjusted, totaled 7,993,000 in August, a gain of 22,000 from July and 212,000 (2.7%) year-over-year (y/y), according to AGC’s analysis of data the Bureau of Labor Statistics (BLS) posted today… Read more
Job openings increase in JulyThere were 385,000 job openings in construction, not seasonally adjusted, at the end of July, matching the July record set in 2021 and an increase of 5,000 (1.3%) y/y, BLS reported on Tuesday in its monthly Job Openings and Labor Turnover Survey (JOLTS) release…Read more
Construction spending increase in July Construction spending (not adjusted for inflation) totaled $1.97 trillion in July at a seasonally adjusted annual rate, up 0.7% from the upwardly revised June rate and up 5.5% y/y, the Census Bureau reported today… Read more
Construction Employment rose from July 2022 in 226 of the 358 metro areas Construction employment, not seasonally adjusted, rose from July 2022 in 226 (62%) of the 358 metro areas (including divisions of larger metros) for which BLS posts construction employment data, fell in 80 (22%), and was unchanged in 52, according to an analysis AGC released on Wednesday… Read more