There are two sides to new construction. Residential and Nonresidential. With Spring here, nonresidential construction saw a good increase in the number of jobs being filled.
The construction industry added 19,000 jobs on net in March, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. After 23 months of recovery, construction employment has at last exceeded pre-pandemic levels. On a year-over-year basis, industry employment has expanded by 220,000 jobs, an increase of 3.0%.
Nonresidential construction employment expanded by 11,300 positions on net, with all three subsectors generating growth. Heavy and civil engineering added 5,000 net new jobs. Nonresidential specialty trade contractors added 3,700 positions. Nonresidential building added 2,600 jobs.
The construction unemployment rate fell to 6.0% in March. Unemployment across all industries declined from 3.8% in February to 3.6% last month.
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Gary Fleisher is the Editor in Chief of Modular Home Source and Offsite Builder. Email at [email protected]
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