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Construction employment rises, but unevenly, in January; metro job gains are spotty
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Nonfarm payroll employment increased by 151,000, seasonally adjusted, and by 2,665,000 (1.9%) for the year, and the unemployment rate fell to 4.9%, the Bureau of Labor Statistics (BLS) reported today. Construction employment rose by 18,000 for the month (to 6,615,000) and by 264,000 (4.2%) year-over-year (y/y). Industry employment reached the highest level since December 2008. Residential construction employment (residential building and specialty trade contractors) increased by 20,100 for the month and 149,500 (6.2%) y/y. Nonresidential employment (nonresidential building, specialty trades, and heavy and civil engineering construction) fell by 2,300 for the month and rose 2.9% y/y. The disparity may reflect the ongoing rise in residential spending and downturn in nonresidential spending in the last half of 2015 that the Census Bureau reported on Monday. Read more » about AGC's Data DIGest: February 3-5, 2016