By Richard Branch, Chief Economist, Dodge Data & Analytics
The Bureau of Labor Statistics reported today that the U.S. economy added just 49,000 jobs in the month of January following the December decline of 227,000. In January, the construction sector lost 3,000 jobs — the first time since April that the sector has shed positions. Residential building and heavy and civil engineering jobs rose in January, while nonresidential and specialty trade positions fell.
Dodge Data & Analytics is North America’s leading provider of commercial construction project data, market forecasting & analytics services and workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities that help them grow their business. On a local, regional or national level, Dodge empowers its customers to better understand their markets, uncover key relationships, seize growth opportunities, and pursue specific sales opportunities with success. The company’s construction project information is the most comprehensive and verified in the industry. Dodge is leveraging its more than 125-year-old legacy of continuous innovation to help the industry meet the building challenges of the future. Learn more at www.construction.com.
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