The employment figures for December 2012 released last Friday by the Bureau of Labor Statistics (BLS) stated that:
“Nonfarm payroll employment rose by 155,000 in December, and the unemployment rate was unchanged at 7.8 percent. Employment increased in health care, food services and drinking places, construction, and manufacturing.”
Following a loss of 10,000 construction jobs in November, this is really good news. According to the press release:
“Construction added 30,000 jobs in December, led by employment increases in construction of buildings (+13,000) and in residential specialty trade contractors (+12,000).”
It will be interesting to see what the impact of the Fiscal Cliff and the general uncertainty will have on hiring plans for the Spring. With the latest round of construction starts and the loosening of some financing, it could be a strong spring season for our industry.
We will be watching the Architectural Index, listening to the construction industry projections coming out of sources like AGC, ABC and ENR to get a better feel for our prospects for 2013, and reporting all of these to you right here.
Happy New Year everyone!
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