34 states add jobs; PPIs for new buildings and construction inputs each rise 0.8%
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Seasonally adjusted construction employment rose in 34 states from November 2015 to November 2016, declined in 14 states, and held steady in Montana, Nebraska and the District of Columbia, an AGC analysis of Bureau of Labor Statistics (BLS) data released today showed. Nevada led in percentage gain (12%, 8,400 jobs), followed by Iowa (10%, 8,300), Washington (9.4%, 16,500), Oregon (8.4%, 7,000) and Colorado (8.3%, 12,800). The most jobs added were again in California (35,100 jobs, 4.7%), Florida (23,200, 5.3%), Washington and Colorado. Kansas again had the steepest percentage loss (-5.9%, -3,600), followed by Wyoming (-5.7%, -1,300), Alabama (-4.4%, -3,600), Connecticut (-3.8%, -2,200), Maine (-3.7%, -2,200) and Kentucky (-2.9%, -2,200). New York lost the most jobs (-6,400, -1.7%), followed by Alabama and Kansas, then Kentucky and Connecticut. For the month, employment rose in 29 states and D.C., and shrank in 21 states. (AGC's rankings are based on seasonally adjusted data, which in D.C. and six states is available only for construction, mining and logging combined.)
The producer price index (PPI) for final demand in November, not seasonally adjusted, increased 0.1% from October and 1.3% year-over-year (y/y) from November 2015, the BLS reported on Wednesday. AGC posted tables and an explanation focusing on construction prices and costs. Read more » about AGC's Data DIGest: December 12-16, 2016