By Greg Michael, communications specialist at On Center Software
The numbers are in and looking up for the construction industry. According to data from the Bureau of Labor Statistics, nonfarm payrolls increased by 222,000 in June, well above economists’ expectations, and revisions to April and May numbers led to an increase of 47,000 jobs from earlier reports.
Next, five states have nearly recovered to pre-Big Dip levels – Colorado, Minnesota, Oregon, Utah, and Washington. One of those five is in the Midwest, and the other four are in the West.
Four states recorded some forward movement in construction employment: Illinois, Missouri, Nevada and North Carolina.
There are seven states in which construction employment has continued to decline, stayed flat or made minimal upward progress – Alabama, Arizona, Mississippi, New Mexico, Virginia, West Virginia and Wyoming.
According to Carrick, the rest of the states have climbed about halfway out of their peak-to-trough pits.
What’s in it for you? The momentum is pointing to more business. It’s the right time to increase your bid production to earn your share of projects. Check out On Center’s estimating software, Quick Bid. Next, find a plan room near you, here.
For the complete construction economics report, visit Carrick’s ConstructConnect blog.