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”
Top Posts & Pages
- A BIG CHANGE: New mortgage rules seen bringing increase in pricey mobile home loans
- Ex-MDEQ leader Fisher joins Butler Snow
- Hunting-weapons legislation passes House
- Warden who lives hundreds of miles from jail resigns
- Analyst: KiOR Columbus plant may end up sold as scrap
- Jail kitchen supervisor pleads guilty to stealing food
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Nehi Bottling Company has been a Cleveland fixture for 85 years