Nonfarm payroll employment increased between May 2011
and May 2012 in 266 out of 372 metropolitan areas, decreased in 101, and was
unchanged in five, the Bureau of Labor Statistics reported June 27. An AGC
analysis released June 26 showed construction employment increased in 126 out
of 337 areas for which BLS provides construction data (including divisions of
larger metros), declined in 164 and stayed stagnant in 47. (BLS does not
seasonally adjust metro employment. The agency combines mining and logging with
construction in most areas to avoid disclosing data about industries with few
employers.)
Bakersfield-Delano, Calif., added
the highest percentage (22%, 3,000 construction jobs), followed by
Indianapolis-Carmel, Ind. (20%, 8,000 construction jobs), Knoxville, Tenn.
(19%, 3,100 combined jobs) and Fargo, N.D.-Minn. (18%, 1,200 combined jobs).
Indianapolis-Carmel added the most construction jobs, followed by
Phoenix-Mesa-Glendale, Ariz. (7,400 construction jobs, 9%); San
Jose-Sunnyvale-Santa Clara, Calif. (4,900 construction jobs, 16%); and Baton
Rouge, La. (4,900 construction jobs, 13%).
Anchorage, Alaska lost the highest
percentage (-28%, -2,700 construction jobs), followed by Monroe, Mich. (-24%,
-500 combined jobs), Springfield, Mass.-Conn. (-19%, -1,800 combined jobs) and
Montgomery, Ala. (-18%, -1,200 combined jobs). The largest job losses were in
Tampa-St. Petersburg-Clearwater, Fla. (-7,100 construction jobs, -14%); Chicago-Joliet-Naperville,
Ill. (-6,900 construction jobs, -6%); New York City (-5,100 combined jobs,
-5%); St. Louis, Mo. (-4,900 combined jobs, -8%) and Nassau-Suffolk, N.Y.
(-4,700 combined jobs, -8%).
Click
here
to view May metro employment tables
Earnings, union wage benefits
State personal income growth accelerated to 0.8% in
the first quarter of 2012, from 0.4% in the fourth quarter of 2011, the Bureau
of Economic Analysis reported June 27. Personal income rose in 47 states, led
by North Dakota (2.3%), fell in Kansas (-0.1%) and Mississippi (-0.3%), and was
unchanged in Oklahoma.
“Earnings [employee and
proprietors’ income] increased in 16 of the 24 industries for which BEA
prepares quarterly estimates, with the largest percentage increases in the
accommodations industry (which grew 2.5%, up from 1.2% in the previous quarter)
and the construction industry (which grew 2.1%, up from 1.0%),” the BEA
reports. “In Texas, Iowa, Utah, Nebraska, West Virginia and North Dakota
construction earnings grew 4.0% or more in the first quarter of 2012,
substantially above the national average. Construction earnings have grown
continuously but slowly for five consecutive quarters nationally.”
Construction union wage and
benefits settlements “so far in 2012 average the following: first year - 2.3%
($1.15); second year - 2.6% ($1.42); and third year - 2.6% ($1.34),” the
Construction
Labor Research Council reported.
“The increases, as both percents and dollars, are generally slightly higher
than last year at this time when the averages were 1.9% ($0.98) for the first
year, 2.5% ($1.36) for the second year and 2.7% ($1.58) for the third year … Shorter
contract terms have continued through the first half of 2012, with 42% of the
settlements for just one year [vs. 45% in the first half of 2011] and … 47% for
three or more years.”
Population, housing growth of metro areas
“The nation's largest cities are growing faster than
the country as a whole, according to July 1, 2011, population estimates
released by the Census Bureau,” USA Today reported June 28. “All but two
(Baltimore and Detroit) of the 33 cities that have 500,000-plus people grew
since 2010. Ten years earlier, six of the 30 cities with half a million or more
were declining. Of the 100 most-populous cities, almost three-fourths are
growing at or above the national average of 0.9% ... Growth slowed the most in
the Sun Belt, especially in areas hard hit by the housing bust and
foreclosures, [Brookings Institution demographer William] Frey says. They
include places such as Henderson, Nev.; Raleigh, N.C.; and Fresno.
“Larger cities such as Atlanta, Denver, Dallas and
Washington, D.C., experienced a surge last year. ‘Some of these areas are
holding on to (people) who normally would have gone to the suburbs in a better
housing market,’ Frey says. ‘The question is whether this will continue when
the suburban housing market improves.’”
Robert Lang, professor of urban
affairs at the University of Nevada-Las Vegas, “thinks it will but that suburbs
also will grow again - especially those that offer urban conveniences such as
mass transit and housing within walking distance of jobs and services. His
analysis of 76 Sun Belt suburbs that boomed to populations of 100,000 or more
in recent decades - what he calls ‘boomburbs’ - shows that those that have rail
lines gained more people. The 43 with rail service, including Plano, Texas, and
Tempe, Ariz., grew more than those without … Mass transit has spurred dense
development around stations. ‘In the last decade, boomburbs grew one way: out,’
Lang says. ‘This decade, large suburban cities can grow up around station
stops.’”
Census reported, “Among cities
with populations of 100,000 or more [on July 1, 2011], New Orleans, still
rebounding from the effects of Hurricane Katrina in 2005, ranked first, growing
by 4.9%,” followed by Round Rock, Texas, 4.8%. Seven other Texas cities ranked
in the top 15. These shifts appear to favor multifamily, mixed-use and
renovation construction over more land-intensive single-family and commercial
construction.
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