World Map United States / English
Sign In or Register Now
Location Icon
_blank _blank _blank _blank _blank

MachineFinder News

Construction jobs fall in January

Monday, February 8, 2010

Jobs involving constructing commercial real estate dropped in January.
Jobs involving constructing commercial real estate dropped in January.

Though the country as a whole may feel a bit better about finding a job given government statistics, those who operate construction equipment may not be as lucky.

According to the Bureau of Labor Statistics, the unemployment rate fell to 9.7 percent in January. The country closed out last year with a jobless rate of 10 percent for both November and December.

"While today's report shows positive signs that the economy is moving in the right direction, the numbers underscore that we still have work to do to get Americans back to work," Labor Secretary Linda Solis said.

One of those areas that could use some help is the construction industry. The statistics from the government show that employment in construction dropped 75,000 in January. The majority of that decline came from nonresidential specialty trade contracting, which lost 48,000 jobs during the month.

And, given the opinions of some experts, people in the nonresidential field of construction may have more cause for concern. Construction of commercial properties has been down of late as businesses struggle to make the bottom line black.
ADNFCR-2034-ID-19604026-ADNFCR

News Categories
Featured Machines
Machine Photo

1060 hrs, $146,000 US

MACON, GA

Machine Photo

2636 hrs, $119,500 US

MOBILE, AL