Summary
On April 4, 2008, the Bureau of Labor Statistics (BLS) released employment data for March which shows a clear decline in nonresidential construction employment, from both monthly and year- over-year perspectives. Nonresidential construction employment declined by 20,500 jobs in March compared to the prior month and is now down by 70,500 jobs over the last year.
On a year-over-year basis, nonresidential building employment turned negative beginning in December 2007. By contrast, employment in residential building construction turned negative precisely one year earlier and the number of jobs supported by residential construction activities overall declined by 31,000 jobs in March on a monthly basis and by 285,500 jobs year-over-year. Total construction employment was down by 51,000 jobs on a monthly basis and down by 356,000 jobs compared to March 2007.See the full content of this document
Extract
Construction Jobs Down for Month, Year
Industrial building constructi...
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