Construction Could Lose 250,000 Workers By End Of 2008
Analysts at Macroeconomic Advisers, which
prepares the monthly report, looked at Labor Department figures and believes
construction employment already may have fallen by 160,000 jobs below what is
being reported in current payroll data. The ADP study predicts an average
14,000 jobs lost per month over the next year and a half. The new study also
found that employment in large- and medium-sized construction companies is
down, while smaller companies have not had major layoffs. There’s also been a
shift to different kinds of construction.