“The fact that construction is doing so well right now is a big boost to other sectors. Growth in construction will ripple out and increase demand in other, related areas, such as real estate agents, architects, and manufacturers.”
Pasadena, CA (PRWEB) January 05, 2013
The U.S. economy added 155,000 jobs in December, according to the Bureau of Labor Statistics report released Friday. The construction industry continued to show momentum, with 30,000 construction jobs added in December, mirroring robust hiring trends on job site ConstructionCrossing.com.
The Bureau of Labor Statistics’ December job report showed steady gains in employment for the month of December, with 155,000 jobs added in the private sectors and the unemployment rate remaining unchanged at 7.8 percent. While December hiring fell short of the levels needed to bring the unemployment rate down, the latest BLS figures show that employment remained stable even in the face of last-minute budget negotiations in Congress, which were not resolved until after New Year’s. Despite anticipation that uncertainty over tax increases and spending cuts would cause employers to hold off on hiring, strong employment numbers for December indicate that the fiscal cliff talks did not adversely affect hiring.
Momentum continues in the construction sector, with 30,000 jobs added in December, the most in 15 months. These gains are a result of a much-needed boost from Hurricane Sandy, which devastated much of the Northeastern U.S. in October and has spurred construction and rebuilding activity. In the weeks immediately following, construction work was mostly concentrated on emergency repairs to roads, bridges, and critical infrastructure. As insurance companies continue to process claims from Sandy victims, construction firms are now being inundated with work on homes and buildings damaged by the flooding, such as roof patching and restoration of flooded floors and basements. With insurance claims still being processed and billions more in federal aid expected to come in, construction firms can expect to receive steady work in the coming months as part of the post-Sandy recovery.
The BLS employment figures mirror hiring data on ConstructionCrossing.com, a leading jobs site for construction jobs. Jobs data on the site indicate that in spite of market contraction for most 2012, demand picked up towards the end of the year, giving the industry considerable momentum going into the new year. In particular, hiring has been strong at the managerial levels. As of January 4, the site listed nearly 2,300 jobs for construction managers and over 600 jobs for construction superintendents. Another area where demand has been strong has been for construction estimators. With 945 openings currently listed, increased client requests for project estimates is another positive sign that construction and home building efforts are picking up.
“The fact that construction is doing so well right now is a big boost to other sectors,” said Harrison Barnes, CEO of ConstructionCrossing.com. “Growth in construction will ripple out and increase demand in other, related areas, such as real estate agents, architects, and manufacturers.”
ConstructionCrossing.com is a job search site based in Pasadena, CA. It is a part of the Employment Research Institute and owned by A. Harrison Barnes.