As the nation continues to recover from the impact of the COVID-19 pandemic, the construction industry is leading the charge with a strong year-over-year job growth of 248,000 positions, a 3.3% increase from November 2021 levels. California saw the most significant gain, adding an impressive 37,200 jobs, while North Dakota had the highest annual growth rate at a staggering 15.6%.
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Overall, the labor market has fully recovered, with 4.9 million jobs added by November. All states and the District of Columbia have added jobs compared to the previous year, with Texas reporting the highest increase at 5.1%.
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Every month, the nation saw an overall increase in nonfarm payroll employment, with 263,000 jobs added in November, following a gain of 284,000 in October. This positive trend can be seen in 43 states and the District of Columbia, with Texas, Florida, and California seeing the most significant increases.
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Regarding the construction sector, 36 out of the 48 states that reported data saw an increase in November compared to October. This includes both residential and non-residential construction. The future looks bright for the construction industry and the job market.
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