February 01, 2013
February 1, 2013
Construction has added an average of 27,000 jobs a months since October. This rise is also in part attributable to unusually warm weather as well as repairs after Hurricane Sandy. However it may also be partly attributable to the bounce back in housing construction.
It is worth noting the divergence in construction employment as measured in the household survey and jobs as measured in the establishment survey. The former rose considerably more during the boom in the last decade and fell somewhat more in the downturn. This likely reflects undocumented workers in the industry who are likely working off the books.
For more, check out the latest Jobs Byte.
