Eye On Housing
Total nonfarm employment, seasonally adjusted (SA) increased by 2.2 million jobs, year-over-year (YoY), or 1.5% from July 2018 to July 2019. During this time, total nonfarm employment in the Western region increased by 2.1%. The South, Northeast, and Midwest recorded gains at 1.7%, 0.9% and 0.7% respectively, during this time.
According to the Bureau of Labor Statistics, nonfarm payroll employment increased in 33 states and the District of Columbia, decreased in 16 states in July compared to the previous month. One state, New Hampshire recorded no change. Texas added 35,200 jobs, which was the largest gain of any state. The largest decline came from Michigan, which lost 5,800 jobs during this time. Nationwide, total nonfarm payroll employment increased by 164,000 over the month of July, following an increase of revised down estimate of 193,000 jobs added in June.
Year-over-year, ending in July, except for Louisiana (-0.1%) and Minnesota (0.0%), all the other 48 states and the District of Columbia increased in employment. Texas added 323,300 workers while the smallest gain came from North Dakota and Minnesota which added 800 workers during this time. In percentage terms, 22 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 3.1%. The other 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, 25 states had an increase in July, 20 states reported a decline, and three states remained unchanged compared to June. The construction industry as a whole gained 4,000 jobs in July. Texas added 6,300 jobs, the highest gains in construction employees while Ohio lost 1,900 workers during this time.
Year-over-year, the U.S added 202,000 construction sector jobs which is a 2.8% increase compared to July 2018. Texas added 48,400, which was the largest gains of any state while Louisiana lost 12,100, which was the largest decline of any state. In percentage terms, Wyoming had the highest annual growth in construction sector by 13.1%. Over this period, Louisiana reported the largest decline at 7.9%.
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