Posted on Friday, November 1st, 2013 at 8:20 pm
The Department of Labor announced on Tuesday, October 22 that construction employment improved by 20,000 people in September, which spells a good change for the industry after six months of the industry’s employment remaining flat.
Three-quarters of the boost came from non-residential construction, the agency noted. Home building jobs consisted of an increase of 5,400 in September, which is a 4.8% increase from the data gathered for the same section during the same period last year.
However, this kind is considered weak, as according to Department of Commerce records released the same day, residential construction spending has increased over 18% from August 2012 to August 2013.
According to National Association of Home Builders’ chief economist David Crowe, the fact that contractors are not hiring more workers speaks of their relatively weak confidence in home builders.
Crowe admitted, however, that the September improvement speaks of a more positive outlook for the home construction industry in general.
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