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

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.