Steel Products
AGC: Construction Employment in August
Written by Sandy Williams
September 23, 2018
Forty-five states and the District of Columbia added construction jobs between August 2017 and August 2018, while 33 states added construction jobs between July and August, according to an analysis by the Associated General Contractors of America of data from the Labor Department.
“Only three states experienced a decline in construction employment over the past year, the fewest number with a decrease since May 2015,” said chief economist Ken Simonson. “These results show that contractors still expect to have plenty of work in the months ahead. The question many in the industry are asking is whether they will be able to find enough workers to keep pace with demand.”
Texas added the most construction jobs during the past year (56,100 jobs, 7.9 percent). Other states adding a large number of new construction jobs for the past 12 months include California (40,400 jobs, 5.0 percent), Florida (39,300 jobs, 7.7 percent), Georgia (18,900 jobs, 10.4 percent), Arizona (14,900 jobs, 10.2 percent) and Michigan (14,600 jobs, 8.9 percent). New Hampshire added the highest percentage of new construction jobs during the past year (11.3 percent, 3,000 jobs), followed by Nevada (11.2 percent, 9,300 jobs), Georgia, Arizona, Oregon (9.2 percent, 9,100 jobs) and Michigan. Construction employment reached a record high in five states: Massachusetts, New York, Oregon, Texas and Washington.
Only three states shed construction jobs between August 2017 and 2018, while construction employment was unchanged in Alaska and Pennsylvania. The largest and steepest percentage losses occurred in New Jersey (-6,600 jobs, -4.2 percent), followed by Kentucky (-2,600 jobs, -3.4 percent) and Missouri (-1,000 jobs, -0.8 percent).
{loadposition reserved_message}
California had the largest one-month job gain (5,200 jobs, 0.6 percent) among the 33 states that added construction jobs between July and August, followed by Florida (3,600 jobs, 0.7 percent) and Washington (2,900 jobs, 1.4 percent). North Dakota added the highest percentage of construction jobs for the month (2.6 percent, 700 jobs), followed by five states with a 1.4 percent increase: Washington, Minnesota (1,700 jobs), Iowa (1,100 jobs), Montana (400 jobs) and New Hampshire (400 jobs).
From July to August, construction employment declined in 15 states and D.C., but was unchanged in Alaska and Delaware. Pennsylvania lost the most construction jobs (-1,900, -0.7 percent), followed by Kentucky (-1,400 jobs, -1.8 percent) and Illinois (-1,200 jobs, -0.5 percent). Kentucky lost the highest percentage of construction jobs in August, followed by Arkansas (-1.1 percent, -600 jobs), Pennsylvania and Maine (-0.7 percent, -200 jobs).

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products

U.S. Steel to halt slab conversion at Granite City Works
U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]

SMU Week in Review: September 1-5
Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.

HR Futures: Market finds footing on supply-side mechanics
As Labor Day marks the transition into fall, the steel market enters September with a similar sense of change. Supply-side fundamentals are beginning to show signs of restraint: imports are limited, outages loom, and production is capped, setting the stage for a market that feels steady on the surface but still unsettled underneath.

Beige Book: US markets remain cautious amidst volatile pricing environment
Sluggish economic activity across the US was largely attributed to uncertainty caused by tariff policies and growing cost pressures, according to the US Federal Reserve’s (The Fed) latest Beige Book report. The Fed’s latest economic report, posted on Sept. 3, consists of economic findings from the six weeks preceding Aug. 25 throughout 12 districts. Economic […]

Rig count dips again in both US and Canada
Oil and gas drilling activity waned in the US and Canada this past week. Ticking own for the second straight week in both regions.