Construction Jobs Are At Their Highest Level Since August 2009

Construction payrolls climbed for the sixth-straight month in November, reaching a preliminary estimate of 5,851,000.

That’s a 17,000-job gain from October’s 5,834,000 print, and the highest level since August 2009. We recently learned construction spending surged nearly 1% in October, the biggest jump since at least June.

We are still well below where we were during last decade’s boom years. But, for what it’s worth, it also matches the figure from August 1997.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at