Friday, November 2, 2012

Field Employment Down, Spending Up???

Checked the create-what-you-want-on-the-fly BLS database. Asked it to look at “productive and nonsupervisory employees” in construction.

In October, the preliminary number is 4,369,00 — down from October 2011 (which was 4,391,000).

It’s the sixth month in a row with a year-over-year decline in the number of productive people working in construction.

Does this make the 8.9% gain reported in Jan-Sept construction spending a bit hard to believe? Maybe so . . . the options are:

- the U.S. built buildings on which more $$$ was spent with fewer people.

- the + 8.9% number is wrong.

Source: http://electricalcontractor.com/?p=6761

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