Construction employment fell 12,000 to an 18-month low of 7.65 milltion. However, the three nonresidential categories-building,
specialty trade contractors, and heavy and civil engineering construction-added
64,000 jobs (1.5%) over 12 months.
employment increased 132,000 in June, seasonally adjusted, in
line with the gain of 2,008,000 (1.5%)
from June 2006 to June 2007, the Bureau of Labor Statistics (BLS) reported. The
unemployment rate remained steady at
Nonresidential starts collected by Reed
Construction Data totaled $31.4 billion in June, “a record-high level, 16%
above the previous peak last November and 39% above year-ago June,” the firm announced
Construction employment increased from February to
March in 35 states, fell in eight plus DC, and was unchanged (or within 100 of
prior levels) in seven. Compared to a year ago, construction employment climbed
in 35 states, fell in 14, and was unchanged in DC and Vermont.
Reed Construction Data announced that the value of nonresidential construction starts in its database for January-October 2006 totaled 8.6% higher than in the first 10 months of 2005. Allowing for construction cost inflation, the real volume of new starts has increased about 2% so far in 2006 compared to the same period in 2005, Reed Chief Economist Jim Haughey estimated.