ECONOMIC TIME MACHINE

Local construction hiring best in six years

 

dhanks@MiamiHerald.com

The biggest change on the hiring scene comes from the building industry.

Thanks largely to revisions, the construction sector now has been on a hiring tear in Broward. February’s employment report showed a gain of more than 4,000 construction jobs in Broward — the best year-over-year increase since December 2006.

Miami-Dade’s numbers look shakier, but it may take a few months for the trend to reveal itself. February was flat for construction hiring, after adding about 1,500 a month in the fall. That’s not stunning progress, but a big change after nearly 60 months of straight losses. That streak ended in July at 57 months.

Housing sales and building permits have been soaring for about two years, so the hiring numbers were expected to follow the upward trend. One development holding back the upsurge: cutbacks in government spending have hurt hiring by contractors hired to work on public infrastructure and facilities.

The Miami Herald’s Economic Time Machine blog seeks to put South Florida’s recovery into historical perspective. We try to take the long view on economic stats. For analysis of the latest economic news, visit miamiherald.com/economic-time-machine and look for our weekly chart on Page 3 of Business Monday.

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