Employment Situation in April: State-Level Analysis

2023-05-19T14:18:16-05:00

Nonfarm payroll employment increased in 36 states in April 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 253,000 in April, following a gain of 165,000 jobs in March. On a month-over-month basis, employment data was strong in California, which added 67,000 jobs, followed by Texas (+33,300), and Florida (+21,200). Fourteen states and the District of Columbia lost a total of 39,000 jobs.  In percentage terms, employment in Indiana increased by 0.5% while Rhode Island reported a 0.8% decline between March and April. Year-over-year ending in April, 4.0 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 534,600 jobs in Texas to 1,800 jobs added in West Virginia. In percentage terms, Nevada reported the highest increase by 4.2%, while Rhode Island decreased by 0.2% 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— 24 states reported an increase in April compared to March, while 24 states lost construction sector jobs. Washington added 4,300 construction jobs, while Texas lost 8,500 jobs. Overall, the construction industry added a net 15,000 jobs in April compared to the previous month. In percentage terms, South Dakota increased by 2.7% while Alaska reported a decline of 4.2% between March and April. Year-over-year, construction sector jobs in the U.S. increased by 205,000, which is a 2.7% increase compared to the April 2022 level. Texas added 28,000 jobs, which was the largest gain of any state, while California lost 5,100 construction sector jobs. In percentage terms, Arkansas had the highest annual growth rate in the construction sector by 9.8%. Over this period, West Virginia reported a decline of 3.7%. Related ‹ Custom Home Building ContractsTags: construction labor, economics, state and local markets, state employment

Employment Situation in April: State-Level Analysis2023-05-19T14:18:16-05:00

Employment Situation in March: State-Level Analysis

2023-04-27T15:21:12-05:00

Nonfarm payroll employment increased in 36 states and the District of Columbia in March compared to the previous month, while 14 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 236,000 in March, following a gain of 326,000 jobs in February. On a month-over-month basis, employment data was strong in Texas, which added 28,600 jobs, followed by New York (+18,100), and Massachusetts (+16,300). Fourteen states lost a total of 22,400 jobs.  In percentage terms, employment in Delaware increased by 0.5% while Alaska reported a 0.4% decline between February and March. Year-over-year ending in March, 4.1 million jobs have been added, marking a more than full recovery of the labor market from the COVID-19 pandemic induced recession. All the states and District of Columbia added jobs compared to a year ago. The range of job gains spanned 575,100 jobs in Texas to 2,000 jobs added in West Virginia. In percentage terms, Nevada reported the highest increase by 5.0%, while West Virginia increased by 0.3% 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— 19 states reported an increase in March compared to February, while 26 states lost construction sector jobs. Three states remained unchanged. Texas added 5,800 construction jobs, while California lost 8,200 jobs. Overall, the construction industry lost a net 9,000 jobs in March compared to the previous month. In percentage terms, Kentucky increased by 3.1% while Connecticut reported a decline of 2.9% between February and March. Year-over-year, construction sector jobs in the U.S. increased by 196,000, which is a 2.5% increase compared to the March 2022 level. Texas added 41,200 jobs, which was the largest gain of any state, while California lost 7,300 construction sector jobs. In percentage terms, Rhode Island had the highest annual growth rate in the construction sector by 11.9%. Over this period, West Virginia reported a decline of 7.5%. Related ‹ Market in Focus: Florida Has Highest Population Growth Rate In U.S.Lower Rates Spark Housing Demand ›Tags: construction labor, economics, state and local markets, state employment

Employment Situation in March: State-Level Analysis2023-04-27T15:21:12-05:00

Employment Situation in February: State-Level Analysis

2023-03-28T14:16:46-05:00

Nonfarm payroll employment increased in 44 states and the District of Columbia in February compared to the previous month, while five states lost jobs. Oklahoma remained unchanged. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 311,000 in February, following a gain of 504,000 jobs in January. On a month-over-month basis, employment data was strong in Texas, which added 58,200 jobs, followed by Florida (+38,800), and California (+32,300). Oregon, New Hampshire, Kansas, Arkansas, and Maryland lost a total of 8,600 jobs.  In percentage terms, employment in Utah increased by 0.6% while New Hampshire reported a 0.2% decline between January and February. Year-over-year ending in February, 4.3 million jobs have been added, marking a more than full recovery of the labor market from the COVID-19 pandemic induced recession. All the states and District of Columbia added jobs compared to a year ago. The range of job gains spanned 611,400 jobs in Texas to 2,500 jobs added in West Virginia. In percentage terms, Nevada reported the highest increase by 5.1%, while West Virginia increased 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— 24 states reported an increase in February compared to January, while 19 states lost construction sector jobs. Five states remained unchanged. California added 7,600 construction jobs, while Tennessee lost 1,700 jobs. Overall, the construction industry added a net 24,000 jobs in February compared to the previous month. In percentage terms, Rhode Island increased by 1.7% while Iowa reported a decline of 1.9% between January and February. Year-over-year, construction sector jobs in the U.S. increased by 249,000, which is a 3.2% increase compared to the February 2022 level. Texas added 37,900 jobs, which was the largest gain of any state, while West Virginia lost 2,200 construction sector jobs. In percentage terms, Rhode Island had the highest annual growth rate in the construction sector by 12.4%. Over this period, West Virginia reported a decline of 6.5%. Related ‹ Consumer Confidence Increased Slightly in MarchTags: construction labor, economics, state and local markets, state employment

Employment Situation in February: State-Level Analysis2023-03-28T14:16:46-05:00

Employment Situation in January: State-Level Analysis

2023-03-13T17:21:54-05:00

Nonfarm payroll employment increased in 48 states and the District of Columbia in January compared to the previous month, while Wyoming and Rhode Island lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 504,000 in January, following a gain of 260,000 jobs in December. On a month-over-month basis, employment data was strong in California, which added 96,700 jobs, followed by Texas (+48,600), and Florida (+30,000). Wyoming and Rhode Island lost a total of 1,100 jobs. In percentage terms, employment in Arizona increased by 0.7% while Rhode Island reported a 0.1% decline between December and January. Year-over-year ending in January, 4.9 million jobs have been added, marking a more than full recovery of the labor market from the COVID-19 pandemic induced recession. All the states and District of Columbia added jobs compared to a year ago. The range of job gains spanned 654,100 jobs in Texas to 3,400 jobs added in West Virginia. In percentage terms, Nevada reported the highest increase by 6.0%, while West Virginia increased by 0.5% 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— 40 states reported an increase in January compared to December, while seven lost construction sector jobs. Mississippi remained unchanged. Indiana added 6,700 construction jobs, while California lost 7,300 jobs. Overall, the construction industry added a net 35,000 jobs in January compared to the previous month. In percentage terms, Iowa increased by 4.7% while West Virginia reported a decline of 1.8% between December and January. Year-over-year, construction sector jobs in the U.S. increased by 304,000, which is a 4.0% increase compared to the January 2022 level. Texas added 34,800 jobs, which was the largest gain of any state, while West Virginia lost 1,600 construction sector jobs. In percentage terms, Montana had the highest annual growth rate in the construction sector by 12.7%. Over this period, West Virginia reported a decline of 4.8%. Related ‹ Job Gains Continue in February Amid Mixed SignalsTags: construction labor, economics, state and local markets, state employment

Employment Situation in January: State-Level Analysis2023-03-13T17:21:54-05:00

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