By Associated Builders and Contractors (ABC) Chief Economist Anirban BasuThe nation’s nonresidential building construction sector lost 9,600 jobs in February, according to the March 5 employment report by the U.S. Labor Department. Since February 2009, the sector has shed 101,700 jobs, or 13.3 percent. Employment in nonresidential building construction now stands at 661,600 (see graph below).
Hit the hardest was the nonresidential specialty trade sector, which lost 34,900 jobs last month, bringing its two month job loss to 83,800. From February 2009 to February 2010, the nonresidential specialty trade sector lost 383,200 jobs or 16.3 percent. Heavy and civil engineering construction lost 9,000 jobs in February, following a 1,100 job loss in January. The sector has lost 113,000 jobs, or 12.5 percent, from one year ago.
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