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Construction industry adds 16K jobs in June, builders group says

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Overall construction employment expanded 3.1 percent in June in a year-over-year basis, adding 16,000 jobs nationally in the process, according to an analysis of data from the U.S. Bureau of Labor Statistics by the Associated Builders & Contractors.

ABC’s analysis also found nonresidential construction added 10,300 net new jobs in June, far outpacing the 4,900 added in May. Residential construction added 6,000 net jobs for the month, ABC said.

“This jobs report is just what the doctor ordered,” ABC’s chief economist, Anirban Basu, said.  “June’s employment gains impressed along every dimension. In addition to a robust headline of 222,000 jobs created, the labor force participation rate ticked higher, to 62.8 percent from 62.7 percent, and the employment-to-population ratio edged higher, to 60.1 percent from 60 percent. While the labor force participation rate is only a bit higher than it was a year ago, the employment-to-population ratio is up 0.5 percent.

Basu said specialty trade contractors represented 100 percent of job gains for nonresidential construction.

“June was a welcome respite from an emerging trend of softening job growth,” he said. “However, the acceleration in job creation may not last. Job gains in June were likely aided by high school and post-secondary graduations, resulting in a surge in new job seekers and more opportunities to fill available job openings.”

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Mario Marroquin

Mario Marroquin

Mario Marroquin covers real estate. A native of El Salvador, Mario is bilingual in English and Spanish. He graduated from Penn State University and worked in Pennsylvania before moving to New Jersey. His email is mariom@njbiz.com.

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