Construction employment has declined for over three years and the total decline in construction jobs since the peak in January 2007 is 2,297,000.
September 2010 National Employment Report Private-sector employment decreased by 39,000 from August to September on a seasonally adjusted basis, according to the latest ADP National Employment Report®.
Construction Sector loses another 33,000 jobs in July.
The estimated change of employment from June to July was revised down slightly, from the previously reported increase of 42,000 to an increase of 37,000.
The decline in private employment in August confirms a pause in the recovery, already evident in other economic data. The deceleration in employment was evident in the major sectors and by size of business. This month’s decline in employment followed six monthly increases from February through July. Over those six months, the average monthly gain in employment was 37,000 with no evidence of acceleration.
Employment increase only a fraction of the number expected, however construction employment saw smallest decline in three years.
Nonfarm private employment increased 13,000 from May to June 2010 on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change in employment from April to May 2010 was revised up slightly, from the previously reported increase of 55,000 to an increase of 57,000. Wall Street was expecting a gain approaching 60,000. Continue reading