BLS, Manpower find no improvement in construction employment; bid prices stay flat

Nonfarm payroll employment rose by 39,000, seasonally adjusted, in November, and private-sector payrolls grew by 50,000, the 11th straight monthly increase, the Bureau of Labor Statistics reported on Friday [Dec. 3]. Construction employment, in contrast, remained in near-recession condition. It slipped to 5,615,000, 5,000 below a downwardly revised October total; 117,000 (2.0 percent) below the November 2009 total; and 2.1 million (27 percent) below the August 2006 peak of 7,725,000, according to a Dec. 8 Data DIGest report.

Read full article