Jobs
Payrolls in US Construction Industry Rise by Most Since May 2022
- Almost 42% of the 39,000 increase was in nonresidential trade
- Gain helps power strongest overall job growth in nearly a year
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US construction firms boosted payrolls last month by the most since May 2022, helping the overall labor market nail down the strongest job growth in nearly a year.
Nearly 42% of the 39,000 increase in construction industry employment was due to the additions of nonresidential specialty trade contractors. However, payrolls growth also strengthened in the residential categories as well as heavy and civil engineering construction.