flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Construction firms add 5,000 jobs in April

Market Data

Construction firms add 5,000 jobs in April

Unemployment down to 4.4%; Specialty trade jobs dip slightly.


By Construction Employers of America | May 16, 2017

Pixabay Public Domain

The Bureau of Labor Statistics recently released its April jobs report, revealing that employment in the construction industry increased by 5,000 jobs (seasonally adjusted). While the economy added 211,000 jobs, total specialty trade employment contracted nominally, shedding 1,500 positions in April.

“While the country’s employment report is promising, the Construction Employers of America is concerned that specialty trade construction employment may be stagnating,” said Jack Jacobson, spokesperson for CEA. “Immediate action by Congress and the Administration on tax reform, repatriation of foreign corporate assets to domestic investment pools, and a public construction infrastructure package will shore up employment in the specialty construction sector and keep employment growing across the country.”

The BLS report did have a bright spot for the specialty construction industry as total residential and nonresidential specialty construction employment is up by 127,000 positions over the same point in 2016. April’s loss of 5,100 nonresidential specialty construction jobs serves as a warning and should spur policymakers to take immediate action.

“Our construction firms stand ready to rebuild America,” continued Jacobson. “CEA members continue to invest in workforce development, training, and robust apprenticeship programs to prepare the next generation of blue collar workers to build critical infrastructure. Federal action today will drive further job growth and employ more Americans that will strengthen the middle class for years to come.”

Related Stories

Market Data | Aug 15, 2018

National asking rents for office space rise again

The rise in rental rates marks the 21st consecutive quarterly increase.

Market Data | Aug 10, 2018

Construction material prices inch down in July

Nonresidential construction input prices increased fell 0.3% in July but are up 9.6% year over year.

Market Data | Aug 9, 2018

Projections reveal nonresidential construction spending to grow

AIA releases latest Consensus Construction Forecast.

Market Data | Aug 7, 2018

New supply's impact illustrated in Yardi Matrix national self storage report for July

The metro with the most units under construction and planned as a percent of existing inventory in mid-July was Nashville, Tenn.

Market Data | Aug 3, 2018

U.S. multifamily rents reach new heights in July

Favorable economic conditions produce a sunny summer for the apartment sector.

Market Data | Aug 2, 2018

Nonresidential construction spending dips in June

“The hope is that June’s construction spending setback is merely a statistical aberration,” said ABC Chief Economist Anirban Basu.

Market Data | Aug 1, 2018

U.S. hotel construction pipeline continues moderate growth year-over-year

The hotel construction pipeline has been growing moderately and incrementally each quarter.

Market Data | Jul 30, 2018

Nonresidential fixed investment surges in second quarter

Nonresidential fixed investment represented an especially important element of second quarter strength in the advance estimate.

Market Data | Jul 11, 2018

Construction material prices increase steadily in June

June represents the latest month associated with rapidly rising construction input prices.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021