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Construction Employment Increases over 2020

Year-over-year construction employment increased in August for almost two-thirds of metropolitan areas, with 256 out of 358 reporting gains over the past 12 months, according to analysis by the Associated General Contractors of America (AGC). On the other hand, 65 metros lost jobs and 37 have maintained construction employment numbers since August 2020, according to AGC.

One-third of metro areas lost construction jobs between August 2020 and 2021

One-third of metro areas lost construction jobs between August 2020 and 2021
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LinkedIn names best cities for college graduates to find jobs

By Charisse Jones LINKEDIN NAMES BEST CITIES FOR COLLEGE GRADUATES TO FIND JOBS As the class of 2021 prepares to enter a rebounding job market, the first thought might be to head to a big coastal city like Los Angeles or New York. But the odds may be just as good farther off the beaten path in smaller cities of states such as Texas, Vermont or Florida. Starting off in smaller regions allows recent graduates to get experience while maintaining a lower cost of living especially for those with student loans, says Dan Roth, editor in chief of LinkedIn. Advantages: The smaller, fast-growing regions could have more limited employment options overall depending on your industry, Roth says.

New York economy shows uneven growth despite signs of recovery

New York State Team While the service sector in the New York metropolitan area began showing positive signs for the first time in 13 months in April, the regional unemployment rate continues to challenge communities across the Empire State. The state Department of Labor reported this week that the unemployment rate across all but three regions in the state remains at or above the national average of 6%. Meanwhile, New York City s current unemployment rate of 11.2% is nearly thrice the unemployment rate of the city in March 2020 at the onset of the pandemic, when it was a mere 4.2%. Government-mandated restrictions across New York and a change in consumer habits doubled the unemployment rate in the state s metro areas from 4.3% in March 2020 to 8.6% last month.

New York economy shows uneven growth despite signs of recovery

While the service sector in the New York metropolitan area began showing positive signs for the first time in 13 months in April, the regional unemployment rate continues to challenge communities across the Empire State. The state Department of Labor reported this week that the unemployment rate across all but three regions in the state remains at or above the national average of 6%. Meanwhile, New York City s current unemployment rate of 11.2% is nearly thrice the unemployment rate of the city in March 2020 at the onset of the pandemic, when it was a mere 4.2%. Government-mandated restrictions across New York and a change in consumer habits doubled the unemployment rate in the state s metro areas from 4.3% in March 2020 to 8.6% last month.

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