State-by-State Employment Data for February
Nonfarm payroll employment increased in 43 states and the District of Columbia in February compared to the previous month, while seven states saw a decrease. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 275,000 in February, following a gain of 229,000 jobs in January.
Across the nation, construction sector jobs data — which includes both residential and non-residential construction — showed that 31 states reported an increase in February compared to January, while 17 states lost construction sector jobs. The remaining three ‐ South Carolina, Vermont and the District of Columbia — reported no change on a month-over-month basis.
Overall, the construction industry added a net 23,000 jobs in February compared to the previous month. Texas added the most construction jobs (7,800), while California lost 9,600 jobs. In percentage terms, Alaska reported the highest increase at 4.9% and Minnesota reported the largest decline at 2.3%.
Year over year, construction sector jobs in the U.S. increased by 215,000, which is a 2.7% increase compared to the February 2023 level. Texas added 32,200 jobs, which was the largest gain of any state, while New York lost 19,000 construction sector jobs. In percentage terms, Alaska had the highest annual growth rate in the construction sector at 15.6%. Over this period, North Dakota reported the largest decline of 5.7%.
Danushka Nanayakkara-Skillington, NAHB assistant vice president for forecasting and analysis, provides more details on the overall job market in this Eye on Housing post.
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Builder confidence in the market for newly built single-family homes fell three points to 32 in September, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today.
The need for a skilled labor force remains a top priority in the industry. This presents a unique opportunity for women across all levels of home building to make a significant impact on this niche sector.
Latest Economic News
Inflation in August remained sticky as renewed tensions with Iran continued pushing up oil prices, keeping pressure on the Fed to consider a rate hike at its upcoming meeting.
Existing home sales fell for the third consecutive month as record-high home prices and elevated mortgage rates weighed on buyers. Mortgage rates resumed an upward trend after the July ceasefire ended.
Residential building material prices, excluding energy, rose 0.2% in August and were up 5.1% from a year ago. Energy prices rose sharply in August, as prices for energy inputs to residential construction rose 6.6% over the month.