Friday, April 4, 2008

March Residential Construction Employment Dips 10%

Residential construction employment fell 10.1% in March from the same month last year to 875,400 jobs, according to the Bureau of Labor Statistics. Residential specialty trade employment dipped 8.0% year-over-year to 2.1 million jobs, and overall construction jobs were down 4.6% to 7.3 million jobs.
Some 1.17 million workers in the construction trade were unemployed in March, a 12.0% unemployment rate.
Weekly wages in construction rose 4.2% in March compared with the same month last year to $828.36. Hourly construction wages were up 4.4% over that span to $21.46.

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