Employment Situation in December: State-Level Analysis

2023-01-24T15:15:52-06:00

Nonfarm payroll employment increased in 32 states and the District of Columbia in December compared to the previous month, while 18 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 223,000 in December, following a gain of 256,000 jobs in November. On a month-over-month basis, employment data was strong in Texas, which added 29,500 jobs, followed by Florida (+21,400), and Pennsylvania (+17,000). Eighteen states lost a total of 47,500 jobs.  In percentage terms, employment in Montana increased by 0.6% while West Virginia reported a 1.4% decline between November and December. Year-over-year ending in December, 4.5 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 650,100 jobs in Texas to 500 jobs added in Mississippi. In percentage terms, Texas reported the highest increase by 5.0%, while Mississippi was unchanged (0.0%) 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— 28 states reported an increase in December compared to November, while 20 lost construction sector jobs. California added 7,500 construction jobs, while Missouri lost 4,400 jobs. Overall, the construction industry added a net 28,000 jobs in December compared to the previous month. In percentage terms, Louisiana increased by 2.6% while North Dakota reported a decline of 6.4% between November and December. Year-over-year, construction sector jobs in the U.S. increased by 231,000, which is a 3.1% increase compared to the December 2021 level. California added 41,100 jobs, which was the largest gain of any state, while New Jersey lost 8,900 construction sector jobs. In percentage terms, Rhode Island had the highest annual growth rate in the construction sector by 17.3%. Over this period, New Jersey reported a decline of 5.5%. Related ‹ Fewer Adults are Planning a Home PurchaseTags: construction labor, economics, state and local markets, state employment

Employment Situation in December: State-Level Analysis2023-01-24T15:15:52-06:00

Employment Situation in November: State-Level Analysis

2022-12-19T09:16:00-06:00

Nonfarm payroll employment increased in 43 states and the District of Columbia in November compared to the previous month, while seven states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 263,000 in November, following a gain of 284,000  jobs in October. On a month-over-month basis, employment data was strong in Texas, which added 33,600 jobs, followed by Florida (+28,100), and California (+26,800). Seven states lost a total of 9,000 jobs.  In percentage terms, employment in West Virginia increased by 1.0% while Arkansas reported a 0.2% decline between October and November. Year-over-year ending in November, 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 675,000 jobs in California to 1,400 jobs added in Mississippi. In percentage terms, Texas reported the highest increase by 5.1%, while Mississippi was essentially unchanged (0.1%) 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— 36 states reported an increase in November compared to October, while eight lost construction sector jobs. Four states, Arkansas, Arizona, Maine, and Tennessee reported no change. Florida added 5,400 construction jobs, while Texas lost 3,900 jobs. Overall, the construction industry added a net 20,000 jobs in November compared to the previous month. In percentage terms, Rhode Island increased by 3.6% while Colorado reported a decline of 1.8% between October and November. Year-over-year, construction sector jobs in the U.S. increased by 248,000, which is a 3.3% increase compared to the November 2021 level. California added 37,200 jobs, which was the largest gain of any state, while South Carolina lost 4,700 construction sector jobs. In percentage terms, North Dakota had the highest annual growth rate in the construction sector by 15.6%. Over this period, South Carolina reported a decline of 4.5%. Related ‹ Single-Family Permits Continues On A Downward Trend in October 2022Reflecting a Weakening Housing Market, Builder Confidence Declined Every Month in 2022 ›Tags: construction labor, economics, state and local markets, state employment

Employment Situation in November: State-Level Analysis2022-12-19T09:16:00-06:00

Employment Situation in October: State-Level Analysis

2022-11-22T08:16:53-06:00

Nonfarm payroll employment increased in 42 states in October compared to the previous month while eight states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 261,000 in October, following a gain of 315,000 jobs in September. On a month-over-month basis, employment data was strong in California, which added 56,700 jobs, followed by Texas (+49,500), and Florida (+36,400). Eight states lost a total of 26,400 jobs.  In percentage terms, employment in Hawaii increased by 0.8% while Wyoming reported a 0.4% decline between September and October. Year-over-year ending in October, 5.3 million jobs have been recovered, marking a 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 695,500 jobs in California to 100 jobs added in Mississippi. In percentage terms, Texas reported the highest increase by 5.4%, while Mississippi was essentially unchanged (0.0%) 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— 25 states reported an increase in October compared to September, while 19 lost construction sector jobs. Four states, Alaska, Minnesota, Montana, and Rhode Island reported no change. New York added 4,500 construction jobs while Pennsylvania lost 3,500 jobs. Overall, the construction industry added a net 1,000 jobs in October compared to the previous month. In percentage terms, North Dakota increased by 2.0% while Louisiana reported a decline of 2.7% between September and October. Year-over-year, construction sector jobs in the U.S. increased by 266,000, which is a 3.6% increase compared to the October 2021 level. Texas added 41,600 jobs, which was the largest gain of any state, while Louisiana lost 9,000 construction sector jobs. In percentage terms, North Dakota had the highest annual growth rate in the construction sector by 20.8%. Over this period, Louisiana reported a decline of 6.8%. Related ‹ Gain for Custom Home BuildingNew Single-Family Home Size Trending Lower ›Tags: construction labor, economics, state and local markets, state employment

Employment Situation in October: State-Level Analysis2022-11-22T08:16:53-06:00

Employment Situation in September: State-Level Analysis

2022-10-24T09:18:02-05:00

Nonfarm payroll employment increased in 44 states and the District of Columbia in September compared to the previous month while six states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 263,000 in September, following a gain of 315,000 jobs in August. On a month-over-month basis, employment data was strong in Florida, which added 48,800 jobs, followed by Texas (+40,000), and North Carolina (+17,400). Six states lost a total of 18,300 jobs.  In percentage terms, employment in New Hampshire and Kentucky each increased by 0.8% while Delaware reported a 0.6% decline between August and September. Year-over-year ending in September, 5.7 million jobs have been recovered, marking a 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 721,800 jobs in Texas to 6,600 jobs added in Alaska. In percentage terms, Texas reported the highest increase by 5.6%, while Mississippi increased by 1.2% 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— 30 states reported an increase in September compared to August, while 15 lost construction sector jobs. New Hampshire, Oregon, and Rhode Island reported no change. Florida added 6,900 construction jobs while New Jersey lost 2,700 jobs. Overall, the construction industry added a net 19,000 jobs in September compared to the previous month. In percentage terms, North Dakota increased by 4.6% while Alabama reported a decline of 2.4% between August and September. Year-over-year, construction sector jobs in the U.S. increased by 292,000, which is a 3.9% increase compared to the September 2021 level. California added 44,500 jobs, which was the largest gain of any state, while New Jersey lost 3,800 construction sector jobs. In percentage terms, North Dakota had the highest annual growth rate in the construction sector by 19.2%. Over this period, South Carolina reported a decline of 2.8%. Related ‹ Spec Square Foot Prices Skyrocket in 2021Prospect of Higher Rates Leads Some to Consider Buying a Home ›Tags: construction labor, economics, state and local markets, state employment

Employment Situation in September: State-Level Analysis2022-10-24T09:18:02-05:00

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