Employment Situation in August: State-Level Analysis

2023-09-22T08:38:18-05:00

Nonfarm payroll employment increased in 33 states and the District of Columbia in August compared to the previous month, while 17 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 187,000 in August, following a gain of 157,000 jobs in July. On a month-over-month basis, employment data was strong in California, which added 23,100 jobs, followed by New York (+18,100), and North Carolina (+17,500). Seventeen states lost a total of 47,700 jobs with Missouri reporting the steepest job losses at 13,700.  In percentage terms, employment in Montana increased by 0.7% while Hawaii reported a 0.8% decline between July and August. Year-over-year ending in August, 3.1 million jobs have been added, marking a more than full recovery of the labor market. Except for Mississippi and Rhode Island, all the other states and District of Columbia added jobs compared to a year ago. The range of job gains spanned 402,000 jobs in Texas to 1,400 jobs added in Vermont. Mississippi lost 700 jobs while Rhode Island lost 6,900 jobs on a year-over-year basis. In percentage terms, Nevada reported the highest increase by 3.9%, while Rhode Island decreased by 1.4% compared to a year ago. Across the 48 states which reported construction sector jobs data—which includes both residential as well as non-residential construction— 31 states reported an increase in August compared to July, while 14 states lost construction sector jobs. Montana, Oklahoma, and Utah reported no change on a month-over-month basis. California added 4,700 construction jobs, while Tennessee lost 2,400 jobs. Overall, the construction industry added a net 22,000 jobs in August compared to the previous month. In percentage terms, Wyoming increased by 3.5% while Tennessee reported a decline of 1.6% between July and August. Year-over-year, construction sector jobs in the U.S. increased by 212,000, which is a 2.7% increase compared to the August 2022 level. Texas added 21,100 jobs, which was the largest gain of any state, while Missouri lost 2,700 construction sector jobs. In percentage terms, Wyoming had the highest annual growth rate in the construction sector by 13.0%. Over this period, North Dakota reported a decline of 3.8%. Related ‹ Market Share for Modular and Other Non-Site Built Housing in 2022Tags: construction labor, economics, state and local markets, state employment

Employment Situation in August: State-Level Analysis2023-09-22T08:38:18-05:00

Employment Situation in July: State-Level Analysis

2023-08-18T13:15:53-05:00

Nonfarm payroll employment increased in 36 states in July compared to the previous month, while 14 states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 187,000 in July, following a gain of 185,000 jobs in June. On a month-over-month basis, employment data was strong in Florida, which added 44,500 jobs, followed by California (+27,900), and Texas (+26,300). Fourteen states and the District of Columbia lost a total of 31,300 jobs.  In percentage terms, employment in Vermont increased by 0.9% while Delaware reported a 0.6% decline between June and July. Year-over-year ending in July, 3.4 million jobs have been added, marking a full recovery of the labor market. Except for Rhode Island, all the other states and District of Columbia added jobs compared to a year ago. The range of job gains spanned 441,700 jobs in Texas to 2,100 jobs added in Vermont. Rhode Island lost 5,600 jobs on a year-over-year basis. In percentage terms, Nevada reported the highest increase by 3.8%, while Rhode Island decreased by 1.1% compared to a year ago. Across the 48 states which reported construction sector jobs data—which includes both residential as well as non-residential construction— 26 states reported an increase in July compared to June, while 21 states lost construction sector jobs. New Mexico reported no change on a month-over-month basis. Texas added 4,700 construction jobs, while Washington lost 2,500 jobs. Overall, the construction industry added a net 19,000 jobs in July compared to the previous month. In percentage terms, Nebraska increased by 3.1% while Maine reported a decline of 2.7% between June and July. Year-over-year, construction sector jobs in the U.S. increased by 198,000, which is a 2.5% increase compared to the July 2022 level. Texas added 25,200 jobs, which was the largest gain of any state, while Colorado lost 3,000 construction sector jobs. In percentage terms, Arkansas had the highest annual growth rate in the construction sector by 10.1%. Over this period, Colorado reported a decline of 1.6%. Related ‹ Declines for Custom Home BuildingTags: construction labor, economics, state and local markets, state employment

Employment Situation in July: State-Level Analysis2023-08-18T13:15:53-05:00

Employment Situation in June: State-Level Analysis

2023-07-21T10:20:52-05:00

Nonfarm payroll employment increased in 38 states and the District of Columbia in June compared to the previous month, while 12 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 209,000 in June, following a gain of 306,000 jobs in May. On a month-over-month basis, employment data was strong in Texas, which added 31,100 jobs, followed by New York (+28,100), and Washington (+11,900). Twelve states lost a total of 46,900 jobs.  In percentage terms, employment in Alaska increased by 0.9% while Vermont reported a 1.4% decline between May and June. Year-over-year ending in June, 3.8 million jobs have been added, marking a more than full recovery of the labor market from the COVID-19 pandemic induced recession. Except for Vermont and Rhode Island, all the other states and District of Columbia added jobs compared to a year ago. The range of job gains spanned 542,500 jobs in Texas to 6,500 jobs added in West Virginia. Vermont lost 500 jobs and Rhode Island lost 1,900 jobs on a year-over-year basis. In percentage terms, Texas reported the highest increase by 4.0%, while Rhode Island decreased by 0.4% compared to a year ago. Across the 48 states which reported construction sector jobs data—which includes both residential as well as non-residential construction— 33 states reported an increase in June compared to May, while 14 states lost construction sector jobs. Massachusetts reported no change on a month-over-month basis. Texas added 11,000 construction jobs, while Virginia lost 3,200 jobs. Overall, the construction industry added a net 23,000 jobs in June compared to the previous month. In percentage terms, South Dakota increased by 4.3% while Iowa reported a decline of 2.0% between May and June. Year-over-year, construction sector jobs in the U.S. increased by 198,000, which is a 2.6% increase compared to the June 2022 level. Texas added 30,500 jobs, which was the largest gain of any state, while Missouri lost 1,800 construction sector jobs. In percentage terms, Arkansas had the highest annual growth rate in the construction sector by 11.8%. Over this period, Vermont reported a decline of 1.9%. Related ‹ Existing Home Sales Down Again Amid Limited InventoryTags: construction labor, economics, state and local markets, state employment

Employment Situation in June: State-Level Analysis2023-07-21T10:20:52-05:00

Employment Situation in May: State-Level Analysis

2023-06-22T09:16:35-05:00

Nonfarm payroll employment increased in 39 states and the District of Columbia in May compared to the previous month, while 11 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 339,000 in May, following a gain of 294,000 jobs in April. On a month-over-month basis, employment data was strong in Texas, which added 51,000 jobs, followed by California (+47,300), and New York (+30,400). Eleven states lost a total of 20,500 jobs.  In percentage terms, employment in Utah increased by 0.5% while Vermont reported a 0.4% decline between April and May. Year-over-year ending in May, 4.1 million jobs have been added, marking a more than full recovery of the labor market from the COVID-19 pandemic induced recession. Except for Rhode Island, all the other states and District of Columbia added jobs compared to a year ago. The range of job gains spanned 529,800 jobs in Texas to 2,200 jobs added in West Virginia. Rhode Island lost 2,100 jobs on a year-over-year basis. In percentage terms, Texas reported the highest increase by 4.0%, while Rhode Island decreased by 0.4% compared to a year ago. Across the 48 states which reported construction sector jobs data—which includes both residential as well as non-residential construction— 23 states reported an increase in May compared to April, while 21 states lost construction sector jobs. Four states, Alaska, Kansas, Maine, and West Virginia reported no change on a month-over-month basis. California added 6,500 construction jobs, while Indiana lost 2,500 jobs. Overall, the construction industry added a net 25,000 jobs in May compared to the previous month. In percentage terms, Louisiana increased by 1.3% while Rhode Island reported a decline of 4.9% between April and May. Year-over-year, construction sector jobs in the U.S. increased by 192,000, which is a 2.5% increase compared to the May 2022 level. Texas added 21,100 jobs, which was the largest gain of any state, while Colorado lost 1,800 construction sector jobs. In percentage terms, Arkansas had the highest annual growth rate in the construction sector by 10.2%. Over this period, Connecticut reported a decline of 2.6%. Related ‹ Top 10 Builder Share Jumps in 2022Tags: construction labor, economics, state and local markets, state employment

Employment Situation in May: State-Level Analysis2023-06-22T09:16:35-05:00

About My Work

Phasellus non ante ac dui sagittis volutpat. Curabitur a quam nisl. Nam est elit, congue et quam id, laoreet consequat erat. Aenean porta placerat efficitur. Vestibulum et dictum massa, ac finibus turpis.

Recent Works

Recent Posts