This month’s employment estimates show a deterioration in the retail sector but a slight improvement in the construction sector. Other than that the region’s job growth, or lack thereof, has been on a path similar to recent months. So I will simply note that overall employment fell by 5,700 jobs or .4 percent from last year and then move on to the graphs.
The first graph is the usual one displaying the number of jobs gained or lost by the housing beneficiary sectors (construction, finance/real estate, and retail), the rest of the economy, and all sectors combined on a year-over-year basis. Each month’s data point represents the year-over-year change for that month (I use this technique to smooth out seasonal effects).