Construction industry jobs start to recover
Our latest Industry Employment Trends report reveals a welcome improvement for a sector severely impacted by the recession: construction. For the first time in 2010, the construction industry had more job postings than a year ago, with a 12% increase compared to April 2009.
The report shows year-over-year growth in job postings for 11 of the 12 major industries we track. Those that struggled most last year – cyclical industries like retail, transportation and hospitality – are now gaining the most momentum.
In January 2009, retail had shrunk -45% year-over-year, transportation -47% and hospitality -48%. All three are now up strongly over April of last year: 57%, 48% and 41%, respectively.
April 2010 Employment Industry Trends
Industry Job Postings Annual Change Accounting 120,495 18% Construction 93,694 12% Education 100,517 12% Financial Services and Banking 206,403 19% Healthcare 607,677 -5% Hospitality 84,937 41% Information Technology 271,494 26% Manufacturing 87,839 33% Media and Newspaper 36,781 36% Real Estate 30,045 18% Retail 344,539 57% Transportation 77,014 48%
We release our Industry Employment Trends prior to the Bureau of Labor Statistics’ monthly employment outlook, so be sure to check back on the second business day of each month for a forward-looking view of the changing job market.