Posted December 2, 2022

Construction adds over 20K jobs in November

The U.S. Bureau of Labor Statistics reported today that construction employment continued to trend up in November (+20,000), with nonresidential building adding 8,000 jobs. Construction has added an average of 19,000 jobs per month so far this year, little different from the 2021 average of 16,000 per month.

November manufacturing employment also continued its upward trend, adding over 14,000. Job growth has averaged 34,000 per month thus far in ’22, similar to the 2021 average of 30,000 per month.

Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent. The change in total nonfarm payroll employment for September was revised down by 46,000, from +315,000 to +269,000, and the change for October was revised up by 23,000, from +261,000 to +284,000.

Employment in transportation and warehousing declined by 15,000 in November and has decreased by 38,000 since July. In November, job losses in warehousing and storage (-13,000) and in couriers and messengers (-12,000) were partially offset by a job gain in air transportation (+4,000).

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