Construction and Manufacturing Payroll Report (October)
November 20, 2009
Seasonally adjusted Regional and State Employment data released by the US Bureau of Labor Statistics this morning paralleled that of the Employment Situation report released Nov. 4 showing a slight overall improvement with pockets of growth sprinkled throughout.
Payrolls within the construction and manufacturing sectors continue to feel the heat of a long lagging recovery that is sure to be drawn out longer than other sectors of the economy.
In construction, payrolls grew month-over-month in 14 states. The largest increase occurred in Michigan (+5,400), followed by Indiana (+4,000), Wisconsin (+3,500), and New Jersey (+1,600). The largest decrease occurred in Texas (-9,400), followed by Florida (-7,600), and North Carolina (-6,600).
Manufacturing payrolls decreased overall in October, growing marginally in 12 states. Notable growth occurred in Missouri (+2,700) and Michigan (+2,500). The largest decreases occurred in California (-8,300) and Georgia (-6,200).
Overall regional employment remained extremely steady month-over-month as no division experienced a significant rate change from September.
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