Friday, September 7, 2007

Job Market Still Weak; Job Losses Grow for Sector

Nearly 100,000 construction jobs have been lost since September of last year, according to the Bureau of Labor Statistics. August saw some 22,000 construction jobs lost, most of which were in the specialty trades, including the kitchen and bath industry.
Employment has stalled overall at about 44,000 jobs a month for the past three months. The national unemployment rate held at 4.6% with a net 4,000 jobs lost during the month and the average hourly earnings increased a nickel during August to $17.50. Over the year, average hourly earnings have risen by 3.9%.

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