After nearly six months of the economy creating more than 700,000 new jobs each month, employment increased at a slower rate by 235,000 jobs in August, according to the Bureau of Labor Statistics. However, year-over-year, construction sector jobs in the U.S. increased by 193,000, which is a 2.7% increase compared to the August 2020 level
Across the 48 states which reported construction sector jobs data—which includes both residential as well as non-residential construction— 24 states reported an increase in August compared to July, while 21 states lost construction sector jobs. Colorado, South Dakota, and Utah reported no change. Nevada added 3,000 construction jobs while Kansas lost 2,400. Overall, the construction industry lost 3,000 jobs in August compared to the previous month. In percentage terms, New Hampshire increased by 4.4% while Kansas reported a decline of 3.7% between July and August.
Advertisement
Related Stories
Economics
The US Housing Market Faces Uncertainty, But There Are Signs of Recovery Ahead
There’s improvement, just don’t expect the housing market to return to pre-pandemic norms
Demographics
Despite Having Nondiscriminatory Housing Laws, LGBTQ+ Community Still Can’t Afford Homes in These Areas
In cities where LGBTQ+ people make up the largest share of the adult population, less than 10% of homes are affordable
Market Data + Trends
1.5M Housing Units Need to Be Added to Balance US Housing Market
The housing market will likely see challenges persist if inventory isn’t added to accommodate growing demand