Construction job cuts slowed in November
The non-residential construction industry lost 600 jobs in November, according to the December 4 employment report by the U.S. Labor Department. Since November of last year, the sector has lost 101,100 jobs or 12.5 percent, and nonresidential construction employment now stands at 705,600.
Heavy and civil engineering construction gained 5,200 jobs in November – the first monthly increase since May 2008. On a year-over-year basis, heavy and civil engineering construction employment is down 109,000 jobs, or 11.6 percent. Meanwhile, non-residential specialty trade contractors continue to struggle as the sector shed 28,500 jobs for the month and 424,500 jobs, or 17.1 percent, over the past12 months.
Residential building construction lost 500 jobs in November and has lost 106,200, or 13.6 percent, since the same period one year ago.
Total construction employment – which includes both the residential and nonresidential sectors – lost 27,000 jobs for the month and has lost 979,000, or 14.1 percent, since Nov. 2008. This represents the smallest number of construction jobs lost in any given month since Nov. 2007.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Construction job cuts slowed in November”
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Alcorn president launches new customer service task force
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- David Duval, former British Open winner, joins Sanderson Farms field
- Court rules against Greenwood councilwoman; must give up office
- GreenTech holds grand opening of neighborhood electric vehicle plant
- Turner Grain’s bankruptcy will help consolidate lawsuits alleging breach of contract
- Cochran continues to reach out to African American voters
- Peoples Bank reports quarterly loss due to bad loans
- Senators write letter over Waters of the United States proposal