Posted on 06/04/2010 9:39:49 AM PDT by Military family member
"A combination of factors, including still tight credit and high commercial vacancy rates, conspired to reverse what had been growing construction employment momentum." —ABC Chief Economist Anirban Basu
Employment in the nation’s nonresidential construction industry fell by 4,200 jobs in May after an across-the-board jobs gain the previous month, according to June 4 employment report by the U.S. Labor Department. Since May 2009, the nonresidential building construction sector has lost 55,400 jobs, or 7.5 percent, and the employment stands at 684,300.
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