Construction Employment Jumps by the Largest Monthly Amount in Nearly Seven Years

Construction employment jumped by the largest monthly amount in nearly seven years in January, bringing industry employment to the highest level since July 2009, according to an analysis of new government data by the Associated General Contractors of America. Construction employment totaled 5,922,000 in January, the highest total in four-and-one-half years and an increase of 48,000 from a month earlier—the largest one-month gain since April 2007. For the year, construction employment rose by 179,000, or 3.1 percent, compared with an increase of 1.7 percent for total nonfarm payroll employment. Nonresidential construction firms added 31,300 new jobs in January and 57,100 (1.6 percent) over 12 months while residential firms added 16,800 jobs for the month and 121,400 (5.8 percent) during the year. The unemployment rate for workers actively looking for jobs and last employed in construction declined from 16.1 percent in January 2013 to 12.3 percent in January 2014—the lowest January rate since 2008.

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