{"id":26269,"date":"2024-10-16T15:55:04","date_gmt":"2024-10-16T19:55:04","guid":{"rendered":"https:\/\/www.construction.com\/?post_type=blog&#038;p=26269"},"modified":"2025-11-19T09:14:57","modified_gmt":"2025-11-19T14:14:57","slug":"employment-in-construction-industry-remains-strong-in-september","status":"publish","type":"blog","link":"https:\/\/www.construction.com\/blog\/employment-in-construction-industry-remains-strong-in-september\/","title":{"rendered":"Employment in Construction Industry Remains Strong in September"},"content":{"rendered":"<p><em>by Arsene Aka, Senior Economist at Dodge Construction Network<\/em><\/p>\n<p><span data-contrast=\"auto\">The Bureau of Labor Statistics (BLS) reported in its latest employment report that job creation at 254,000 in September far surpassed economists\u2019 predictions for 150,000 new jobs. The gains were primarily driven by strong hiring in food services and drinking places (69,000), health care (45,000), social assistance (27,000), and construction (25,000). In addition, July and August were revised up by a combined 72,000 jobs. Meanwhile, the unemployment rate fell to a three-month low of 4.1%\u00a0on the back of a noticeable decline in the jobless rate for men ages 20 years and over. U.S. wage growth\u2014captured by the average hourly earnings for all U.S. employees on private nonfarm payrolls\u2014stood at 4.0% year-over-year (y\/y) last month, up from 3.9% y\/y in August.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">As said above, construction employment rose a robust 25,000 in September, higher than the average monthly gain of 19,000 recorded over the prior twelve months. Over the month, nonresidential specialty trade contractors posted the most gains, adding 17,000 jobs, followed by residential specialty trade contractors (5,800), and heavy and civil engineering construction sub-sector (3,800). Like the nation, wage growth in the construction industry accelerated from 4.4% y\/y in August to 4.6% y\/y last month. The industry\u2019s jobless rate rose from the record-low 3.2% in August to 3.7% in September.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Following the moderation late last month in the Federal Reserve\u2019s favorite inflation metric\u2014the core personal consumption expenditure deflator\u2014some economists expected another 50-basis point interest rate cut by the Fed in November. <\/span><a href=\"http:\/\/www.construction.com\/\"><span data-contrast=\"none\">Dodge Construction Network<\/span><\/a> <span data-contrast=\"auto\">believes the latest employment report aligns\u00a0with a more gradual pace of interest rate reductions by the monetary authority. <\/span><span data-contrast=\"auto\">Dodge expects a 25-basis point rate cut each at the Fed\u2019s November and December meetings, which will help boost construction employment and starts over the short term.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-26270\" src=\"https:\/\/www.construction.com\/wp-content\/uploads\/2024\/10\/Construction-Employment-300x174.png\" alt=\"Construction Employment\" width=\"605\" height=\"351\" srcset=\"https:\/\/www.construction.com\/wp-content\/uploads\/2024\/10\/Construction-Employment-300x174.png 300w, https:\/\/www.construction.com\/wp-content\/uploads\/2024\/10\/Construction-Employment.png 504w\" sizes=\"auto, (max-width: 605px) 100vw, 605px\" \/><\/p>\n<p><a href=\"\/podcast\/construction-productivity-labor-shortage\/\">Construction Productivity: Impacts from the Construction Labor Shortage | Construction Podcast<\/a><\/p>\n<p><a href=\"\/podcast\/construction-labor-shortage-construction-backlog-cci-q1-2018\/\">CCI Q1 2018: Construction Backlog and Construction Labor Shortage | Construction Podcast<\/a><\/p>\n","protected":false},"featured_media":26270,"template":"","class_list":["post-26269","blog","type-blog","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Employment in Construction Industry Remains Strong in September | Dodge Construction Network<\/title>\n<meta name=\"description\" content=\"Construction employment was strong in September. 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The gains were primarily driven by strong hiring in food services and drinking places (69,000), health care (45,000), social...","_links":{"self":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/blog\/26269","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\/26270"}],"wp:attachment":[{"href":"https:\/\/www.construction.com\/wp-json\/wp\/v2\/media?parent=26269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}