Eye On Housing
Total nonfarm employment, seasonally adjusted (SA) increased by 2.3 million jobs, year-over-year (YoY), or 1.5% from June 2018 to June 2019. During this time, total nonfarm employment in the Western region increased by 2.0%. The South, Northeast, and Midwest recorded gains at 1.7%, 0.9% and 0.8% respectively, during this time.
According to the Bureau of Labor Statistics, nonfarm payroll employment increased in 40 states and the District of Columbia, decreased in ten states in June compared to the previous month. California added 46,200 jobs, which was the largest gain of any state. The largest decline came from Maryland which lost 7,000 jobs during this time. Nationwide, total nonfarm payroll employment increased sharply by 224,000 over the month of June, following an increase of revised down estimate of 72,000 jobs added in May.
Year-over-year, ending in June, except for Louisiana (-0.1%), all the other 49 states and the District of Columbia increased in employment. Texas added 315,600 workers while the smallest gain came from Hawaii which added 1,200 workers during this time. In percentage terms, 18 states recorded annualized growth equal to and/or above 1.5% in employment, which was the national growth rate. Nevada recorded the highest growth rate at 3.3%. The other 31 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, 29 states had an increase in June, 16 states reported a decline, and three states remained unchanged compared to May. The construction industry as a whole gained 21,000 jobs in June. California added 11,900 jobs, the highest gains in construction employees while Nevada lost 4,200 workers during this time.
Year-over-year, the U.S added 224,000 construction sector jobs which is a 3.1% increase compared to June 2018. California added 40,300, which was the largest gains of any state while Louisiana lost 12,300, which was the largest decline of any state. In percentage terms, West Virginia had the highest annual growth in construction sector by 19.8%. Over this period, Louisiana reported the largest decline at 8.0%.
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