After the construction industry lost 9,000 jobs in March, it took a giant leap forward by adding 45,000 jobs. According to the Bureau of Labor Statistics (BLS), a majority of those jobs, 41,000, came from specialty trade contractors. The construction industry has added 108,000 jobs during the first four months of 2015 and 280,000 over the past 12 months.
Despite seeing the annual rate of construction spending drop over the last couple of months, the construction industry has seen steady and robust job gains with the exception of March.
The unemployment rate for the construction industry finally dropped to 7.5% in April, down two points from March’s 9.5%. Total construction employment stands at 6,344,000, according to the BLS.
The employment numbers from ADP, the Human Capital Management firm, were released on Wednesday and they report that the construction industry added 23,000 jobs in April. March’s numbers were revised up to 21,000 from the previously reported 17,000 jobs added. According to ADP, the construction industry has added 100,000 jobs so far in 2015 and 311,000 added over the past 12 months.
ADP has total construction employment at 6,384,000 compared to 6,383,000 reported by the BLS. The difference between total construction employment numbers for the BLS and ADP is only 1,000 jobs. This is a good indication that despite sometimes reporting widely varying jobs added figures, total construction employment is probably fairly accurate. The difference in jobs added so far in 2015 is 8,000.