Written by Associated Builders and Contractors
Friday, 03 December 2010
"Today’s employment report is perfectly consistent with ABC’s prior statements regarding the still moderate pace of economic recovery in America." —ABC Chief Economist Anirban Basu.
The nonresidential construction sector lost 300 jobs in November, according to a Dec. 3 employment report by the U.S. Labor Department. Year-over-year, nonresidential construction is down 7,600 jobs, or 1.1 percent, and employment stands at 685,700 jobs. Heavy and civil engineering construction employment grew for the sixth straight month in November, gaining 1,300 jobs over October. That sector has gained a total of 23,800 jobs, or 2.9 percent, compared to the same time last year.