Steel Products
Construction Employment Increases in November
Written by Sandy Williams
December 27, 2017
Construction firms are encouraged by recent regulation cuts and passage of the tax reform bill. The Associated General Contractors of America notes that firms are adding jobs in anticipation of stronger market conditions in 2018.
Between October and November, 39 states added construction jobs. Forty states added construction jobs between November 2016 and November 2017.
“There were robust construction gains in most parts of the country as the economy continues to expand,” said Stephen E. Sandherr, chief executive officer for the association. “Demand should continue to grow as newly enacted tax cuts and regulatory reforms stimulate even more widespread economic growth.”
“This is one of the best business climates many firms have experienced in over a decade,” Sandherr said. “While Washington needs to address infrastructure funding, workforce shortages and multi-employer retirement reforms, 2018 looks to be a strong year for the industry.”
California added the most construction jobs (48,400 jobs, 6.2 percent) during the past year. Other states adding a high number of new construction jobs for the past 12 months include Florida (41,800 jobs, 8.7 percent), Texas (23,900 jobs, 3.4 percent), New York (12,600 jobs, 3.4 percent) and Pennsylvania (12,000 jobs, 4.6 percent). Nevada (13.8 percent, 10,900 jobs) added the highest percentage of new construction jobs during the past year, followed by Rhode Island (13 percent, 2,400 jobs), New Hampshire (10 percent, 2,600 jobs), Oregon (9.7 percent, 9,100 jobs) and Florida.
Ten states shed construction jobs between November 2016 and November 2017, while construction employment was unchanged in the District of Columbia. Missouri lost the highest number of construction jobs (-6,500 jobs, -5.3 percent), followed by Iowa (-6,100 jobs, -7.5 percent), North Carolina (-3,100 jobs, -1.5 percent) and North Dakota (-1,600 jobs, -4.8 percent). Iowa lost the highest percentage for the year, followed by Missouri, North Dakota, Montana (-3.5 percent, 1,000 jobs) and South Dakota (-1.7 percent, -400 jobs).
Among the 39 states that added construction jobs between October and November, Texas added more than any other state (8,200 jobs, 1.1 percent), followed by Florida (6,200 jobs, 1.2 percent), New York (5,300 jobs, 1.4 percent), Indiana (4,900 jobs, 3.6 percent) and Pennsylvania (3,400 jobs, 1.4 percent). Alaska added the highest percentage of construction jobs for the month (4.5 percent, 700 jobs), followed by Indiana, Nebraska (2.6 percent, 1,300 jobs), Rhode Island (2.5 percent, 500 jobs) and West Virginia (2.5 percent, 800 jobs).
Eleven states lost construction jobs between October and November, while construction employment was unchanged in D.C. Maryland lost the most construction jobs for the month (-1,900 jobs, -1.1 percent), followed by Oklahoma (-1,400 jobs, -1.7 percent) and Connecticut (-1,300 jobs, -2.2 percent). Vermont (-3.2 percent, -500 jobs) lost the highest percentage of construction jobs, followed by Wyoming (-2.9 percent, -600 jobs) and Montana (-2.2 percent, -600 jobs).
{loadposition reserved_message}

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products

Northwest Pipe changes name to NWPX Infrastructure
Northwest Pipe changes name to NWPX Infrastructure.

Tariffs, ample domestic supply cause importers to shift or cancel HR import orders
Subdued demand is causing importers to cancel hot-rolled (HR) coil orders and renegotiate the terms of shipments currently enroute to the US, importers say. An executive for a large overseas mill said customers might find it difficult to justify making imports buys after US President Donald Trump doubled the 25% Section 232 tariff on imported steel […]

Drilling activity slows in the US, grows in Canada
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US totals slipped for a sixth straight week, while Canada saw a slight bump in activity.

Commerce finds no Korean OCTG shipments below market value
US Department of Commerce (Commerce) review found no South Korean oil country tubular goods (OCTG) exporters or producers sold products below market value

Drilling activity slows further in US and Canada
Oil and gas drilling activity declined again this week in both the US and Canada, according to Baker Hughes.