Construction employment dips in March but wages move up; reports vary on cost trends
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Nonfarm payroll employment increased by 126,000 in March, seasonally adjusted, and by 3,128,000 (2.3%) over 12 months, the Bureau of Labor Statistics (BLS) reported on Friday. Construction employment dipped by 1,000 for the month but increased by 282,000 (4.7%) over the year to 6,344,000. Residential construction employment (residential building and specialty trade contractors) dropped by 2,800 for the month but rose 136,300 (6.0%) over 12 months. Nonresidential employment (building, specialty trades, and heavy and civil engineering construction) increased by 1,100 in March and 145,000 (3.8%) year-over-year. Read more » about AGC's Data DIGest: April 3-9, 2015