Bubble Watch: 1-in-8 New California Jobs Are in Construction

Why does construction matter in California? It’s not just homes and highways. It’s also jobs.
My trusty spreadsheet tells me that construction bosses statewide employed 900,700 in July — No. 1 among the states — after adding 37,100 workers over 12 months — the nation’s No. 2 increase. (Texas was No. 1.)
Putting the Golden State hiring spree into a national perspective, you can see the above-average growth pace…