Western and Southern States Lead Job Gains in June


According to the Bureau of Labor Statistics, nonfarm payroll employment increased in 39 states and decreased in 11 states and the District of Columbia in June 2018 compared to May 2018. Over the month of May, nonfarm payroll employment increased in 43 states and the District of Columbia, and decreased in seven states compared to April 2018. Nationwide, total nonfarm payroll employment rose by 213,000 over the month of June, a slightly lower than the increase of 244,000 jobs in May.

Over the year, total nonfarm employment in June increased by 2.37 million jobs which is a 1.6% increase compared to June 2017. During this time, total nonfarm employment in the Western region increased by 2.0% and the Southern region increased by 1.8%. The Midwest recorded the lowest gains at 1.1% during this time. In comparison, year-over-year ending in May, 2.4 million total nonfarm jobs were added to the economy, which is also 1.6% ahead of it level in May 2017.

Year-over-year, 48 states and the District of Columbia increased in employment while two states, Alaska and North Dakota, lost payroll employment during the month of June. The same number of states increased and decreased (Alaska and North Dakota) in employment over the year ending in May. Stronger growth in jobs across the West and the South is broadly consistent with the faster growth in single-family and multifamily permits across these two regions.

Year-over-year, ending in June, 19 states recorded annualized growth equal to and/or above 1.6% in employment, which was the national growth rate. Sixteen states out of the 19 which recorded growth above the national growth rate were in the Western and the Southern (including South Atlantic) regions of the country. Utah and Idaho tied for the highest growth at 3.0%, adding a combined 65,600 workers during this time. Twenty-nine states and the District of Columbia recorded annualized growth between 0.1%-1.5% while Alaska and North Dakota recorded declines in employment.

In the construction sector specifically, which includes both residential and non-residential construction, across the 44 states which reported construction sector jobs data, 30 states had an increase in June, 13 states reported a decline, and New Hampshire remained unchanged compared to May. Between May and June 2018, North Dakota had the largest increase in construction job growth with 3.4% while the largest decline was in West Virginia where total construction employment fell by 2.1%. Construction sector posted a net gain of 13,000 jobs which is 0.2 percentage points higher than in May.

Year-over-year, The U.S added 282,000 construction sector jobs which is a 4.1% increase. Arizona had the highest annual growth in construction sector by 10.2%. Georgia (8.8%) and Michigan (8.1%) round out the top three. Over this period, South Carolina reported the largest decline at 3.9%, followed by New Jersey (3.1%) and Missouri (1.5%).


Tags: , ,

Leave a Reply

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