About | Contact | SUBMIT PRESS | Advertise | FAQ
Newsletters | Twitter |
HomeNewsArticlesExpertsDataJobsEDULBSEVENTSDIRBLOGSocialGeoJobs
Software | Webmaps | Submit Press | Utilities | Geo BIZ | iOS | Social Media | LBS | Webinars | LiDAR | Cloud  
advertisement

Top Geo News
Put Your News here! 
 

SEARCHING FOR a JOB?
GEOJOBS.biz

Rapidly Making Colorful Landsat-8 Imagery Composite with Free Advanced Image Stretching and Pan-sharpening Software from GeoSage - See more at: http://www.gisuser.com/content/view/30197/2/#sthash.36sxzlnJ.dpuf

Got news? TELL US...
submit press to GISuser

Social Connect




@GISuser

GISuser Sponsor


GISuser Videos


See also SpatialVideos Youtube

Recent Site Additions
GISuser Sponsor

GIS Job Opportunities
 

More at GeoJobs.BIZ!

GISuser Sponsor


Home arrow News arrow Business arrow Construction Industry Loses 20,000 Jobs in November     

HOT JOB
post a GIS job * JOBS *  Mapper - Surveyor Contract / Geodesign Manager, Redlands
See more jobs on GeoJobs.Biz
Submit News/tips to press @gisuser.com
Construction Industry Loses 20,000 Jobs in November E-mail
GIS News - Business
Written by Associated Builders and Contractors   
10 December 2012

"In November, the economy essentially wiped out the previous gains that had been registered in the construction industry." —ABC Chief Economist Anirban Basu. 

Summary
National construction industry employment fell by 20,000 jobs in November pushing the unemployment rate to 12.2 percent, up from 11.4 percent the previous month, according to the Dec. 7 employment report by the U.S. Department of Labor. Year-over-year, construction employment is down by 6,000 jobs, or 0.1 percent.

The nonresidential building construction sector lost 4,300 jobs in November. The residential building construction sector lost 6,800 jobs for the month and has lost 15,700 jobs, or 2.8 percent, since November 2011. Nonresidential specialty trade contractors lost 7,400 jobs for the month and have lost 16,000 jobs, or 0.8 percent year-over-year.

In contrast, residential specialty trade contractors added 3,200 jobs in November and have added 20,700 jobs, or 1.4 percent, compared to the same time last year. Heavy and civil engineering construction sector employment decreased by 3,800 jobs in November, but has increased by 5,900 jobs, or 0.7 percent, during the past twelve months.

Across all industries, the nation added 146,000 jobs as the private sector expanded by 147,000 jobs and the public sector shrunk by 1,000 jobs. The national unemployment rate decreased to 7.7 percent in November from 7.9 percent in October.

Analysis
“If there was any question that the construction industry continues to struggle in this economy, today’s Labor Department employment report provided the answer,” said Associated Builders and Contractors Chief Economist Anirban Basu. “While the nation added 146,000 jobs, the construction industry lost 20,000 jobs.

“The nonresidential subsectors lost a combined 11,700 jobs for the month, not including those employed in heavy and civil engineering construction, which lost an additional 3,800 jobs,” Basu said. “In November, the economy essentially wiped out the previous gains that had been registered in the construction industry.

“The other major sector to lose jobs in November was manufacturing,” said Basu. “The fact that construction and manufacturing both lost jobs is not coincidental. Many economic decision makers have adopted a wait-and-see attitude due to the nation’s fiscal cliff and other sources of uncertainty, including geopolitical uncertainty.

“While many businesses maintain their standard daily operations, and some even add jobs in the process, larger decisions and investments are put on hold,” Basu said. “These decisions often revolve around major investments in plants and equipment. When these types of expenditures are postponed, related industries like manufacturing and construction suffer.

“The overall economy continues to expand, and there is evidence to suggest the existence of pent-up demand for construction,” remarked Basu. “However, this demand is tempered by a sea of uncertainty, much of which originates from Washington, D.C.

“The expectation is the economy will improve once the fiscal cliff issues are resolved,” Basu said. “However, if the issues are not put to rest, the broader economy will likely head back toward recession sometime next year.”

Source: Amerisurv

 
< Prev   Next >

Submit Your GIS/Geo News/PR

blog comments powered by Disqus
Geo EDU Tip
To GISP or Not? What Does It Mean To You? 
HOT Devices
Video - Trimble Positions and the Geo Explorer 6000 XH
Social Media Tips
10 Map Services Your Business MUST Be Listed in
 
Featured Events
  • Geoint Symposium 2014 - The GEOINT 2013* Symposium takes place April 14-17, 2014 at the Tampa Convention Center in Tampa, Florida.
  • FOSS4G 2014 - Put on by OSGeo, FOSS4G is the international gathering of open source and geospatial tribes. Join us in Portland, Oregon, USA, Sept 8th-12th
  • LiDAR users and potential users take not of a webinar titled Making Money with the Speed of Light covering such topics as Basic growth strategies for 3D imaging business success
  • State of the Map US - April 12-13, Washington DC

 List Your Event Here 

THE GISuser Newsletter

See Recent edition
newsletter

subscribe GISuser

We won't share your address!
Sponsor

Popular Stuff!


GISuser Site Sponsor


GISuser HOT Spots!

android tools

Android Dev Tips

Partner Sites

lidar news
lbszone.com

amerisurv

symbianone

geojobs Geo jobs

A Spatial Media LLC property




Spatial Media, LLC ©2003 - 2013 All rights reserved / Privacy Statement