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Employment

Good jobs creation and low unemployment rates are pivotal to GDP growth and construction activity.

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U.S. Employment - % Change Y/Y

Services jobs fell more severely, on a y/y basis, in the Spring of 2020 than in Summer, 2009. Construction & manufacturing, though, did not experience jobs drops that were as steep as their declines 11 years prior.

The latest data points are for March, 2021.
Based on seasonally adjusted (SA) data.

Data source: Payroll Survey, Bureau of Labor Statistics (U.S. Department of Labor).
Chart: ConstructConnect – CanaData.

U.S. Initial Jobless Claims Weekly

For the week ending May 1, 2021, the figure was 498,000, a decline of -92,000 vs the previous week's number of 590,000.

Data source: Department of Labor & Census Bureau / Chart: ConstructConnect-CanaData.

U.S. Month-to-month Total Jobs Creation

Due to last Spring's plunge in employment, a low base effect caused the U.S. total jobs count to be +10.9% y/y in April of this year. The latest month-to-month change was +0.2%.

Latest data point is for April 2021.

Source: Payroll Survey, U.S. Bureau of Labor Statistics (BLS) / Chart: ConstructConnect – CanaData.