Texas Leads Job Gains in May

Facebooktwitterpinterestlinkedinmail

Total nonfarm employment, seasonally adjusted (SA) increased by 2.4 million jobs, year-over-year (YoY), or 1.6% from May 2018 to May 2019. During this time, total nonfarm employment in the Western region increased by 2.0%. The South, Northeast, and Midwest recorded gains at 1.6%, 0.9% and 0.8% respectively, during this time.

According to the Bureau of Labor Statistics, nonfarm payroll employment increased in 31 states and the District of Columbia, decreased in 18 states in May compared to the previous month. New Hampshire remained unchanged. Texas added 19,600 jobs, which was the largest gain of any state. The largest decline came from New York which lost 13,800 jobs during this time. Nationwide, total nonfarm payroll employment increased only by 75,000 over the month of May, weaker than the revised down estimate of 224,000 jobs added in April.

Year-over-year, ending in May, all 50 states and the District of Columbia increased in employment. Texas added 286,300 workers while the smallest gain came from Maine which added 1,100 workers during this time. In percentage terms, 17 states recorded annualized growth equal to and/or above 1.6% in employment, which was the national growth rate. Nevada recorded the highest growth rate at 4.0%. The other 33 states and the District of Columbia recorded annualized growth between 0.1%-1.5%.

In the construction sector specifically, which includes both residential and non-residential construction, across the 48 states which reported construction sector jobs data, 38 states had an increase in May, nine states reported a decline, and Kansas remained unchanged compared to April. The total construction industry gained 4,000 jobs in May. California added 12,800 jobs, the highest gains in construction employees while New York lost 5,500 workers during this time.

Year-over-year, the U.S added 215,000 construction sector jobs which is a 3.0% increase compared to May 2018. Texas added 35,200, which was the largest gains of any state while Louisiana lost 9,100, which was the largest decline of any state. In percentage terms, West Virginia had the highest annual growth in construction sector by 26.5%. Over this period, Louisiana reported the largest decline at 6.0%.



Tags: , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: