Construction industry adds 45,000 jobs in April

A new report from the Bureau of Labor Statistics found that the U.S. construction industry added 45,000 jobs during the month of April. According to Associated Builders and Contractors, nonresidential construction employment rose by 12,400 jobs in April while nonresidential specialty trade contractors added 20,200 new jobs following a loss of 9,000 jobs in March.

The following is a breakdown of construction employment in April:

• Nonresidential building construction employment fell by 7,800 jobs for the month but is up by 16,600 jobs (2.4 percent) from the same time last year.

• The heavy and civil engineering construction segment added 8,400 jobs in April and employment is up by 33,100 positions (3.6 percent) year-over-year.

• Residential building construction employment expanded by 2,800 jobs in April and is up by 41,200 jobs (6.3 percent) on an annual basis.

• Residential specialty trade contractors added 20,800 net new jobs in April and has added 102,400 jobs (6.8 percent) since April 2014.

• Nonresidential specialty trade contractors added 20,200 jobs for the month and employment in that category is up by 76,400 jobs (3.5 percent) from the same time last year.

Mining and logging lost 15,000 net jobs in April after gaining jobs in every month during 2014. This sector lost more jobs during the first quarter of 2015 (-48,000) than it added in all of 2014.

“While the broader jobs report proved better than expected, April was the best month for construction employment since January 2014,” said Associated Builders and Contractors Chief Economist Anirban Basu. “Though it may have been expected to see solid job creation performance reflected in today’s report, it is still a relief to obtain a nice piece of data. Economic data regarding retail sales, industrial production, and other elements of economic life have largely been disappointing to date and the March jobs report fell in line with that series of uninspired results. Data regarding unemployment claims strongly suggested that employers viewed the recent bout of economic weakness as temporary. The lack of new lay-off activity indicates an ongoing demand for labor and April’s reasonably strong employment gains suggest that many employers continue to search for additional staffing."

The New York office of Perkins Eastman has announced that the New York Wheel, located on the north shore of Staten Island’s St. George neighborhood, was approved by City Council on October 30 and construction is scheduled to begin in 2014. The approval process has been over a year in the making since the project was first announced by the office of Mayor Bloomberg last September.

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