USA: Drastic drops in construction employment

verfasst von Eugippius, 13.05.2002, 18:16

The Bureau of Labour Statistics (BLS), has reported that the unemployment rate jumped in April to a nearly eight-year high of 6%. The BLS news release pointed out that employment in construction fell by 79,000, after seasonal adjustment. Much of April’s job loss was in special trades (61,000), though general building contractors and heavy construction lost 12,000 and 6,000 jobs respectively. Following the turn in the business cycle in March 2001, construction employment was relatively flat through the end of the year. So far in 2002, however, the industry has lost 155,000 jobs, more than 2% below the year-ago total of 6.85 million. Workers still on payrolls are working fewer hours, too, implying an even bigger drop in construction activity. Seasonally adjusted average hours for construction workers slipped for the third straight month to 39 hours in April from 39.1 hours in March and a high of 39.8 hours in January.
<ul> ~ Quelle: International Construction</ul>
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• USA: Drastic drops in construction employment - Eugippius, 13.05.2002, 18:16