Friday, June 6, 2008

May Construction Employment Falls 5%

Construction employment in May fell 5.1% from the same month last year to a seasonally adjusted 7.26 million workers, according to the most recent figures from the Bureau of Labor Statistics. Residential construction employment fell 10.5% in May to 862,900 workers, and residential specialty trade employment dipped 9.3% to just under 2.10 million workers nationwide.
Weekly wages for construction in May climbed 1.6% over last year to an average of $832.60, and hourly wages for construction workers were up 3.5% to an average $21.57.

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