The birth rate also fell 4% to its lowest level since 1979 (42 years). While last year was unique for so many reasons, one way it was not unique is that the number of babies born in the U.S.
The recovery in the construction sector will be jagged through the remainder of 2021, but confidence is growing that 2022 will bring a healthy pickup in construction activity.īy Kim Kennedy Director of Forecasting, Dodge Data & Analytics Today’s jobs figure is a reminder that the hope that construction starts will post aggressive growth in the second half of the year must be tempered as scarce and higher prices for construction materials lead to further delays in getting projects underway and completed. The disappointing construction jobs figure stands in stark contrast to the dollar value of projects that Dodge Data & Analytics tracks in the early stages of planning, which are at levels not seen in nearly 13 years. Employment in building construction grew by 4,900 positions due to gains in single family housing, but specialty trade jobs fell by 19,300 and heavy and civil engineering jobs dropped by 5,500. The construction sector, however, shed 20,000 jobs - the second consecutive monthly decline. Most new jobs came from leisure and hospitality (which added 292,000 jobs), education, and healthcare.
Easing of state and local Covid-19 restrictions is helping the economy make steady improvement. economy added 589,000 new jobs in May, a solid improvement over the 278,000 jobs added in April, and the U.S. By Richard Branch, Chief Economist, Dodge Data & Analytics
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