Continuing a recent trend, construction’s workforce grew by 11,000 jobs in September, the Bureau of Labor Statistics has reported. It is the sixth-consecutive monthly increase for the industry. In all, construction has added 217,000 jobs on a year-over-year basis, an increase of about 2.8%.
The latest monthly BLS employment report, released Oct. 6, showed a mixed jobs picture among construction industry segments. 
Residential building construction fared the best, with an increase of 6,700 positions, followed by residential specialty trade contractors, which picked up 5,900. Additionally, the heavy and civil engineering sector added 2,200 jobs.
But nonresidential specialty trade contractors lost 3,300 jobs in September; nonresidential building construction also was down, but by only 200 jobs.
BLS also reported that construction’s unemployment rate edged down to 3.8%, from August’s 3.9%, but was up from the year-earlier 3.4%.
The BLS jobs numbers are adjusted for seasonal variations but its unemployment rates are not seasonally adjusted.
ABC, AGC Economists’ Analyses 
At the Associated Builders and Contractors, which focuses on nonresidential construction, Chief Economist Anirban Basu noted that the sector shed 1,300 jobs on net for September.
Nevertheless, Basu said, nonresidential construction gained jobs at a faster rate than the overall U.S. economy over the past 12 months.
“While a meaningful share of that hiring relates to infrastructure and large-scale manufacturing projects, several other subsegments, such as data centers and health care, enter the fourth quarter with momentum,” Basu said in a statement.
“Hiring would likely be faster if not for ongoing skills and labor shortages,” he added, repeating a long-running refrain in the industry.
Ken Simonson, Associated General Contractors of America chief economist, said in a statement, “Construction firms have plenty of projects but a dip in nonresidential employment last month shows how hard it has been to find enough skilled workers.”
Simonson also noted that average hourly wages for construction production and nonsupervisory employees rose 5.5% in September from the year-earlier level. “Job openings remain stubbornly high, even though the industry has been raising hourly pay at an elevated rate,” he said.
Overall, the economy added more jobs than expected, posting an increase of 336,000. The unemployment rate held steady at 3.8%.

ENR Subscribe
Tom Ichniowski has been writing about the federal government as ENR’s Washington Bureau Chief since the George H.W. Bush administration, and he has covered at least five major highway bills. A recognized expert on government policy on infrastructure and regulation, Tom is also a Baltimore native and Orioles fan who grew up rooting for Brooks and Frank Robinson. He is a graduate of Columbia College and Columbia’s graduate school of journalism, where he once used “unrelentless” in a headline.

You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days.
Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the ENR audience. All Sponsored Content is supplied by the advertising company. Interested in participating in our Sponsored Content section? Contact your local rep.
Industry Jobs

Free Webinar
Free Webinar
This popular annual webinar takes place as the latest Top 600 Specialty Contractors list is unveiled and features leaders from top-ranked firms to discuss their takeaways from the year past and their strategy for the year ahead. We will discuss the results of the 2023 Top 600 survey and opportunities for future business.
Sponsored by:

Sponsored by:
engineer sydney
Special Ad Section
Spotlight on Accounting & ERP Software
engineer sydney View all Special Ad Sections
engineer sydney Archives
Copyright ©2023. All Rights Reserved BNP Media.
Design, CMS, Hosting & Web Development :: ePublishing