The Bureau of Labor Statistics released their employments number for February 2015 this morning and the construction industry added another 29,000 jobs for the month. January numbers have been revised to 49,000, which is 10,000 more than the preliminary numbers reported last month. The last time the construction industry lost jobs was back in December 2013. Since that time, the construction industry has added 416,000 jobs, an average of 29,714 jobs per month.
The unemployment rate has been steadily rising in the construction industry over the past five months and now stands at 10.6% after being as low as 6.4% back in October 2014. This is a strong sign that people are coming back to the construction industry looking for work.
Total construction employment stands at 6,353,000, according to the BLS. The construction industry has added 78,000 jobs so far in 2015.
The employment numbers from ADP, the Human Capital Management firm, came out earlier this week and they are reporting the construction industry added 31,000 in February. January numbers were revised up from 18,000 to 32,000 jobs added. According to ADP, the construction industry has added 63,000 jobs so far in 2015.
ADP has total construction employment at 6,347,000. Total construction employment numbers for the construction industry match up closely between the BLS and ADP number, the difference between the two is only 6,000 jobs.