article thumbnail

Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. The post Residential construction jobs now 7.6%

article thumbnail

Unemployment Fell to 4.8 Percent in September; Construction Sector Growth Lagging

Appraisal Buzz

Sectors that saw the greatest job gains in September included leisure and hospitality, professional/business services, retail, and transportation/warehousing. The construction sector, however, only added 22,000 jobs in September and has shown little net change thus far this year, the BLS notes. The post Unemployment Fell to 4.8

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Strong jobs report suggests rate cuts won’t come ‘til summer

Housing Wire

Job gains occurred mainly in health care, government, food services, social assistance, transportation and warehousing. Meanwhile, retail trade, mining, quarrying, oil and gas extraction, manufacturing, wholesale trade, information, and financial activities posted fewer jobs in February. month over month to $34.57 and were up 4.3%

article thumbnail

Stronger than expected job growth raises specter of more Fed hikes

Housing Wire

Employment in the construction industry was up by 20,000 jobs from October, thanks to large gains in nonresidential building (up 8,200 jobs) and residential specialty trade contractors (up 6,500 jobs). Meanwhile, 4 million people quit their jobs during the month, looking for better employment.”.

article thumbnail

Solid job growth defies recession talk — for now

Housing Wire

Notable job gains occurred in leisure and hospitality, in professional and business services, and in transportation and warehousing. Employment in retail trade declined. Look at the jobs data and which sector added jobs in March: Construction jobs came in positively, but retail trade took a big hit. percent, the U.S.

article thumbnail

What Omicron, bond market and jobs mean for housing

Housing Wire

Notable job gains occurred in professional and business services, transportation and warehousing, construction, and manufacturing. Employment in retail trade declined over the month. Of note, as you can see below, this is an excellent report on construction job growth. percentage point to 4.2 percent, the U.S.

Marketing 454
article thumbnail

Increase in COVID cases holding back employment numbers

Housing Wire

Private employment gains were largely driven by some of the industries hit hardest by the pandemic – with rises in transportation and warehousing (+145,000) and professional and business services (+60,000), as well as an increased demand for those in the health care sector (+104,000). below pre-pandemic February levels. census count.