Construction Sector Lost 49,000 Jobs in October

The latest employment data released by the U.S. Department of Labor chronicles the bleak conditions that have overwhelmed the country's construction industry. 49,000 construction jobs were lost in October alone.

Within construction, residential specialty trade contractors took the brunt, with 18,800 losing their jobs. 13,2000 jobs were lost among nonresidential specialty trade contractors.

The agency stated that since peaking in September 2006, construction employment has fallen by 663,000 positions.

View employment data, broken down by industry, on page 20 of the following PDF:

http://www.bls.gov/news.release/pdf/empsit.pdf