2022

Construction Snapshot

30 Aug 22

Comfortable Gains and Softening Labor Market Conditions

Construction

Employment Trends in Construction

Despite a decline in new home starts, construction gained a modest 16,000 net new jobs in August. This month’s growth was led by speciality trade contractors, which added 14,200 jobs. 

Construction of buildings and speciality trade contractors both posted employment gains in August, while heavy and civil engineering construction lost 2,000. The residential subcategories of both construction of buildings and speciality trade contractors continued to post growth in August, despite higher interest rates.

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