Metro Areas Show Slow Job Growth in NovemberDecember 23rd, 2016 by Editor
Construction employment growth in metropolitan areas was at a four-year low in November on a year-over-year basis, according to analysis of federal data by the Associated General Contractors of America (AGC).
From November 2015 to November 2016, 211 metro areas added jobs.
“Considering that spending levels remain relatively robust for most market segments, firms in many parts of the country are likely having a hard time finding enough workers to hire,” says AGC chief economist Ken Simonson. “It appears that the industry would be employing more people if it could only find enough qualified people to hire.”
Denver-Aurora-Lakewood, Colo. (9,600 jobs, 10 percent) and Orlando-Kissimmee-Sanford, Fla. (9,600 jobs, 15 percent) added the most construction jobs during the past year, followed by Seattle-Bellevue-Everett, Wash. (8,100 jobs, 9 percent); Las Vegas-Henderson-Paradise, Nev. (7,900 jobs, 15 percent) and Atlanta-Sandy Springs-Roswell, Ga. (6,600 jobs, 6 percent). The largest percentage gains occurred in Boise City, Idaho (21 percent, 3,900 jobs), followed by El Centro, Calif. (17 percent, 500 jobs); Albany, Ore. (16 percent, 400 jobs) and Weirton-Steubenville, W.Va.-Ohio (16 percent, 300 jobs).
Construction employment declined in 86 metro areas and held steady in another 61 during the past 12 months. The largest job losses from November 2015 to November 2016 were in Houston-The Woodlands-Sugar Land, Texas (-12,700 jobs, -6 percent), followed by Los Angeles-Long Beach-Glendale (-4,400 jobs, -3 percent) and Orange-Rockland-Westchester, N.Y. (-3,400 jobs, -8 percent). The largest percentage declines for the past year were in Casper, Wyo. (-15 percent, -500 jobs); Danville, Ill. (-14 percent, -100 jobs) and Wichita, Kan. (-12 percent, -2,100 jobs).