Nationwide Construction Employment Downturn Hits Southwest
Arizona lost 800 construction jobs between March and April of this year, according to seasonally-adjusted numbers. That equates to a -0.6% growth rate over that time period, which ranks 31st nationally. Over the course of the past year, Arizona ranks 19th nationally in construction job growth at 5.5% thanks to 5,600 jobs the sector added between April 2015 and April 2016.
Nevada ranked 40th in the nation in monthly construction employment growth in April with a rate of -1.6%, which equates to 1,600 jobs lost in the month. The year-over-year numbers are more positive as the construction industry’s 9.3% growth rate compared to last year is the highest non-seasonally adjusted rate posted by any sector in the state, according to the state’s monthly employment press release. Between April 2015 and April 2016, the construction industry added 6,100 jobs, according to non-seasonally adjusted numbers.
New Mexico lost 700 construction jobs between March and April and posted a -1.6% employment growth rate in the sector, which ties the state with Nevada for 40th nationally. New Mexico’s year over year construction employment remained stagnant with 0 jobs added, according to seasonally-adjusted numbers.