Construction Still Strong Through January
A New Waterfront Home Under Construction by Nova Homes of South Florida on Marco Island, Florida
CONSTRUCTION EMPLOYMENT UP IN JANUARY
Construction employment increased by 36,000 jobs in January—to more than 7 million—to the highest level since August 2008, according to an analysis of new government data by the Associated General Contractors of America.
Residential construction added 19,000 jobs in January and 88,400 jobs, or 3.3 percent, over the past 12 months. Nonresidential construction employment increased by 16,400 jobs in January and 137,200 positions, or 3.3 percent, over 12 months.
The number of unemployed jobseekers with recent construction experience fell to 707,000 in January, down from 859,000 in January 2017, while the unemployment rate in construction dropped to 7.3 percent last month from 9.4 percent a year earlier.
The number and rate were the lowest for January since being recorded in 2000. Average hourly earnings in the industry climbed to $29.33, a rise of 2.9 percent from a year earlier
Nova Homes of South Florida builds luxury custom homes in Naples, Marco Island, Golden Gate Estates, and Isles of Capri, from the $200s to over $2 million. For more information call 239.307.6116 or visit www.novahomesbuilder.com