Friday, December 7, 2007

November Residential Construction Employment Down 2%

Employment in the residential construction field overall slipped 2.1% from October to November, with some 3.2 million workers employed during the month, according to the Bureau of Labor Statistics. The figure marked a 5.1% drop from levels in November, 2006.
Some 963,900 workers building residential units were employed in November, down 2.0% from October, while 2.2 million residential specialty trade contractors were employed, a 2.2% month-to-month drop.
For the economy as a whole, the unemployment rate held at 4.7%. Average hourly earnings increased just half a percent from October to November to $17.63; the mark was 1.8% higher than the same month last year.

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