Construction Employment Up; Spending Down in June, Up for the Year
August 9, 2016
Construction employment, not seasonally adjusted, increased from June 2015 to June 2016 in 228 of the 358 metro areas, decreased in 82 and was stagnant in 48, according to an Associated General Contractors of America release and map. The Anaheim-Santa Ana-Irvine, Calif. division again added the most jobs during the past year; followed by Denver-Aurora-Lakewood and Phoenix-Mesa-Scottsdale. The largest job losses occurred in Houston-The Woodlands-Sugar Land, Midland, Texas; and Odessa, Texas.
Construction spending decreased in June for the third consecutive month, down 0.6 percent from May, but was up 0.3 percent year-over-year, according to a report from the Census Bureau. Combined January-June year-to-date spending was 6.2 percent higher than in the same months of 2015.
Private residential spending was flat for the second consecutive month in June, but increased 7.7 percent year-to-date. New single-family construction fell 0.4 percent from May but increased 11 percent YTD; and residential improvements rose 0.2 percent for the month but slipped 1.1 percent YTD.