{"id":25681,"date":"2023-08-04T14:47:50","date_gmt":"2023-08-04T18:47:50","guid":{"rendered":"https:\/\/www.construction.com\/?post_type=blog&p=25681"},"modified":"2024-09-30T14:31:55","modified_gmt":"2024-09-30T18:31:55","slug":"gains-in-construction-employment-remain-robust-in-july","status":"publish","type":"blog","link":"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/","title":{"rendered":"Gains in Construction Employment Remain Robust in July"},"content":{"rendered":"

by Arsene Aka, Senior Economist at Dodge Construction Network<\/em><\/p>\n

The Bureau of Labor Statistics (BLS) reported<\/a> that nonfarm payrolls rose by a seasonally adjusted 187,000 in July, almost matching June\u2019s revised 185,000 gain. The unemployment rate fell to 3.5%, a rate not seen in more than 50 years, while growth in average hourly earnings remained unchanged in both June and July, at 4.4% year-over-year.<\/p>\n

Employment in construction grew by 19,000 in July, almost in line with the average monthly gain of 17,000 recorded in the prior 12 months. Over the month, job gains occurred in residential specialty trade contractors (+13,300), nonresidential building construction (+10,500), and heavy and civil engineering construction (+2,200). On the other hand, job losses occurred in residential building construction (-5,500) and nonresidential specialty trade contractors (-2,100) between June and July.<\/p>\n

The BLS report also showed that the jobless rate in the construction sector rose to 3.9% in July, from 3.6% in June. Meanwhile, the average hourly earnings were up 5.4% y\/y in July, a full percentage point above the pace for the overall economy, highlighting supply shortages in the industry.<\/p>\n

The gradually cooling labor market is not surprising given the Federal Reserve\u2019s interest rate hikes since March 2022. Dodge Construction Network<\/a> expects the Fed\u2019s funds rate to remain unchanged in the remaining months of the year, and the July jobs report lends credence to the idea that a soft landing is still achievable. Even so, employment in interest sensitive construction verticals (such as residential and commercial) may be constrained in coming months, while employment in federally funded sectors such as manufacturing could expand more quickly.<\/p>\n

\"Monthly<\/p>\n","protected":false},"featured_media":25683,"template":"","class_list":["post-25681","blog","type-blog","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nGains in Construction Employment Remain Robust in July | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"Despite industry challenges, construction employment gains remained robust in July. Explore key insights and trends driving this growth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gains in Construction Employment Remain Robust in July | Dodge Construction Network\" \/>\n<meta property=\"og:description\" content=\"Despite industry challenges, construction employment gains remained robust in July. Explore key insights and trends driving this growth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/\" \/>\n<meta property=\"og:site_name\" content=\"Dodge Construction Network\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DodgeData\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-30T18:31:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/08\/EmploymentChartBlog_8.4.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1575\" \/>\n\t<meta property=\"og:image:height\" content=\"1575\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@DodgeData\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/\",\"url\":\"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/\",\"name\":\"Gains in Construction Employment Remain Robust in July | Dodge Construction Network\",\"isPartOf\":{\"@id\":\"https:\/\/www.construction.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/08\/EmploymentChartBlog_8.4.png\",\"datePublished\":\"2023-08-04T18:47:50+00:00\",\"dateModified\":\"2024-09-30T18:31:55+00:00\",\"description\":\"Despite industry challenges, construction employment gains remained robust in July. Explore key insights and trends driving this growth.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/#primaryimage\",\"url\":\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/08\/EmploymentChartBlog_8.4.png\",\"contentUrl\":\"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/08\/EmploymentChartBlog_8.4.png\",\"width\":1575,\"height\":1575,\"caption\":\"EmploymentChartBlog 8.4\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.construction.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gains in Construction Employment Remain Robust in July\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.construction.com\/#website\",\"url\":\"https:\/\/www.construction.com\/\",\"name\":\"Dodge Construction Network\",\"description\":\"Commercial Construction Project Intel\",\"publisher\":{\"@id\":\"https:\/\/www.construction.com\/#organization\"},\"alternateName\":\"Dodge Data & Analytics\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.construction.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.construction.com\/#organization\",\"name\":\"Dodge Construction Network\",\"alternateName\":\"Dodge Data & Analytics\",\"url\":\"https:\/\/www.construction.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.construction.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.construction.com\/wp-content\/uploads\/2025\/01\/DCN_Logo_Primary_TM.svg\",\"contentUrl\":\"https:\/\/www.construction.com\/wp-content\/uploads\/2025\/01\/DCN_Logo_Primary_TM.svg\",\"width\":\"1024\",\"height\":\"1024\",\"caption\":\"Dodge Construction Network\"},\"image\":{\"@id\":\"https:\/\/www.construction.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/DodgeData\",\"https:\/\/x.com\/DodgeData\",\"https:\/\/www.linkedin.com\/company\/dodge-construction-network\/\",\"https:\/\/www.youtube.com\/channel\/UCAt8500vlyDN4o94uvYHIoQ\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gains in Construction Employment Remain Robust in July | Dodge Construction Network","description":"Despite industry challenges, construction employment gains remained robust in July. Explore key insights and trends driving this growth.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/","og_locale":"en_US","og_type":"article","og_title":"Gains in Construction Employment Remain Robust in July | Dodge Construction Network","og_description":"Despite industry challenges, construction employment gains remained robust in July. Explore key insights and trends driving this growth.","og_url":"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/","og_site_name":"Dodge Construction Network","article_publisher":"https:\/\/www.facebook.com\/DodgeData","article_modified_time":"2024-09-30T18:31:55+00:00","og_image":[{"width":1575,"height":1575,"url":"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/08\/EmploymentChartBlog_8.4.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_site":"@DodgeData","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/","url":"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/","name":"Gains in Construction Employment Remain Robust in July | Dodge Construction Network","isPartOf":{"@id":"https:\/\/www.construction.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/#primaryimage"},"image":{"@id":"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/#primaryimage"},"thumbnailUrl":"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/08\/EmploymentChartBlog_8.4.png","datePublished":"2023-08-04T18:47:50+00:00","dateModified":"2024-09-30T18:31:55+00:00","description":"Despite industry challenges, construction employment gains remained robust in July. Explore key insights and trends driving this growth.","breadcrumb":{"@id":"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/#primaryimage","url":"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/08\/EmploymentChartBlog_8.4.png","contentUrl":"https:\/\/www.construction.com\/wp-content\/uploads\/2023\/08\/EmploymentChartBlog_8.4.png","width":1575,"height":1575,"caption":"EmploymentChartBlog 8.4"},{"@type":"BreadcrumbList","@id":"https:\/\/www.construction.com\/blog\/gains-in-construction-employment-remain-robust-in-july\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.construction.com\/"},{"@type":"ListItem","position":2,"name":"Gains in Construction Employment Remain Robust in July"}]},{"@type":"WebSite","@id":"https:\/\/www.construction.com\/#website","url":"https:\/\/www.construction.com\/","name":"Dodge Construction Network","description":"Commercial Construction Project Intel","publisher":{"@id":"https:\/\/www.construction.com\/#organization"},"alternateName":"Dodge Data & Analytics","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.construction.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.construction.com\/#organization","name":"Dodge Construction Network","alternateName":"Dodge Data & Analytics","url":"https:\/\/www.construction.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.construction.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.construction.com\/wp-content\/uploads\/2025\/01\/DCN_Logo_Primary_TM.svg","contentUrl":"https:\/\/www.construction.com\/wp-content\/uploads\/2025\/01\/DCN_Logo_Primary_TM.svg","width":"1024","height":"1024","caption":"Dodge Construction Network"},"image":{"@id":"https:\/\/www.construction.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/DodgeData","https:\/\/x.com\/DodgeData","https:\/\/www.linkedin.com\/company\/dodge-construction-network\/","https:\/\/www.youtube.com\/channel\/UCAt8500vlyDN4o94uvYHIoQ"]}]}},"uagb_featured_image_src":{"full":["https:\/\/www.construction.com\/wp-content\/uploads\/2023\/08\/EmploymentChartBlog_8.4.png",1575,1575,false],"thumbnail":["https:\/\/www.construction.com\/wp-content\/uploads\/2023\/08\/EmploymentChartBlog_8.4-150x150.png",150,150,true],"medium":["https:\/\/www.construction.com\/wp-content\/uploads\/2023\/08\/EmploymentChartBlog_8.4-300x300.png",300,300,true],"large":["https:\/\/www.construction.com\/wp-content\/uploads\/2023\/08\/EmploymentChartBlog_8.4-1024x1024.png",1024,1024,true],"gform-image-choice-sm":["https:\/\/www.construction.com\/wp-content\/uploads\/2023\/08\/EmploymentChartBlog_8.4.png",300,300,false],"gform-image-choice-md":["https:\/\/www.construction.com\/wp-content\/uploads\/2023\/08\/EmploymentChartBlog_8.4.png",400,400,false],"gform-image-choice-lg":["https:\/\/www.construction.com\/wp-content\/uploads\/2023\/08\/EmploymentChartBlog_8.4.png",600,600,false]},"uagb_author_info":{"display_name":"Amy Roepke","author_link":"https:\/\/www.construction.com\/author\/"},"uagb_comment_info":0,"uagb_excerpt":"by Arsene Aka, Senior Economist at Dodge Construction Network The Bureau of Labor Statistics (BLS) reported that nonfarm payrolls rose by a seasonally adjusted 187,000 in July, almost matching June\u2019s revised 185,000 gain. The unemployment rate fell to 3.5%, a rate not seen in more than 50 years, while growth in average hourly earnings remained...","_links":{"self":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/blog\/25681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/blog"}],"about":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/types\/blog"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/media\/25683"}],"wp:attachment":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/media?parent=25681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}