Job growth continues in 35 states; PPIs remain mild; multifamily market appears to slow
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Seasonally adjusted construction employment rose in 35 states from September 2015 to September 2016, declined in 14 states and the District of Columbia, and held steady in West Virginia, an AGC analysis of Bureau of Labor Statistics (BLS) data released on Friday showed. Iowa again led in percentage gain (13%, 10,400 jobs), followed by Nevada (13%, 9,200), Colorado (11%, 16,400) and Washington (10%, 17,300). The most jobs added were again in California (34,100 jobs, 4.6%) and Florida (28,400, 6.6%), followed by Washington and Colorado. Kansas had the steepest percentage loss (-7.6%, -4,700), followed by Maine (-7.5%, -2,000), Wyoming (-7.4%, -1,700) and Delaware (-6.0%, -1,300). Illinois lost the most jobs (-5,500, -2.5%), followed by Kansas, Kentucky (-3,500, -4.5%) and Pennsylvania (-3,000, -1.3%). For the month, employment rose in 23 states and D.C., shrank in 23 states and was unchanged in four. (AGC's rankings are based on seasonally adjusted data, which in D.C., Delaware and five other states is available only for construction, mining and logging combined.)
The PPI for final demand in October, not seasonally adjusted, was unchanged from September and increased 0.8% year-over-year (y/y) from October 2015, the BLS reported on Wednesday. Read more » about AGC's Data DIGest: November 14-21, 2016