North Carolina Leads Job Gains in January


On an annual basis, total nonfarm employment in January increased by 2.8 million jobs, which is a 1.9% increase compared to January 2018. During this time, total nonfarm employment in the Western region increased by 1.9% and in the Southern region by 1.8%. The Midwest and the Northeast recorded the lowest gains at 1.0% during this time.

According to the Bureau of Labor Statistics, nonfarm payroll employment increased in 42 states, decreased in eight states and the District of Columbia in January 2019 compared to December 2018. North Carolina added 34,700 jobs, which was the largest gain of any state. The largest decline came from Oklahoma which lost 4,400 jobs during this time. Nationwide, total nonfarm payroll employment increased by 304,000 (revised up to 311,000 in February) over the month of January, higher than the increase of 222,000 jobs in December.

Year-over-year, ending in January, all 50 states and the District of Columbia increased in employment. Texas added 292,000 workers while the smallest gain came from Alaska which added 300 workers during this time. In percentage terms, 11 states recorded annualized growth equal to and/or above 1.9% in employment, which was the national growth rate. Nevada recorded the highest growth rate at 3.9%. The other 39 states and the District of Columbia recorded annualized growth between 0.1%-1.8%.

In the construction sector specifically, which includes both residential and non-residential construction, across the 44 states which reported construction sector jobs data, 29 states had an increase in January, 14 states reported a decline, and Minnesota remained unchanged compared to December.  North Carolina added 6,200, the highest gains in construction employees while Texas lost 4,800 workers during this time.

Year-over-year, the U.S added 327,000 construction sector jobs which is a 4.6% increase compared to January 2018. California added 28,500, which was the largest gains of any state while South Carolina lost 3,900, which was the largest decline of any state. In percentage terms, West Virginia had the highest annual growth in construction sector by 51.6%. Over this period, Vermont reported the largest decline at 4.6%.

Tags: , ,

Leave a Reply

Your email address will not be published.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