• Construction employment climbs in June while falling economy-wide

    Of the Bureau of Labor Statistics’ (BLS) three construction segments, building construction employment fell by 1,500 jobs last month but has risen by 38,300 jobs (2.4%) since June 2002. Heavy and civil engineering construction employment gained 2,700 jobs last month but lost 25,000 jobs (2.7%) over the year. Specialty trade contractors added 14,500 jobs in the month and 63,100 jobs (1.5%) over the
    July 18, 2003

    Of the Bureau of Labor Statistics’ (BLS) three construction segments, building construction employment fell by 1,500 jobs last month but has risen by 38,300 jobs (2.4%) since June 2002. Heavy and civil engineering construction employment gained 2,700 jobs last month but lost 25,000 jobs (2.7%) over the year. Specialty trade contractors added 14,500 jobs in the month and 63,100 jobs (1.5%) over the 12-month span.

    The seasonally adjusted value of construction put in place decreased 1.7% in May to an annual rate of $870 billion, according to the Census Bureau. The Census also made its annual revision of past data, upping the total for 2002 to $861 billion, a 1% gain over the revised 2001 total. Construction in the first five months of 2003 is 1.6% ahead of the same period in 2002. Under the new classification, private residential construction rose by 8% in 2002 and 9% from January to May 2003, private nonresidential fell by 13% and 10%, and public construction of all types climbed 5% and .6%.

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