(Reuters) - "An alternative estimate, based on previously unpublished
data used to develop the ADP National Employment Report,
suggests that employment in the construction industry has
already declined 156,000 from a recent peak, and is now 139,000
below the government's official estimates," Macroeconomic
Advisers wrote in a report.
The study, based on payroll data from ADP, the private
employment services company that compiles its own monthly
employment report, suggests that the construction sector will
shed as many as 247,000 jobs between June 2007 and the last
quarter of 2008, or a little more than 14,000 per month.
Read more at Reuters.com Economic News
data used to develop the ADP National Employment Report,
suggests that employment in the construction industry has
already declined 156,000 from a recent peak, and is now 139,000
below the government's official estimates," Macroeconomic
Advisers wrote in a report.
The study, based on payroll data from ADP, the private
employment services company that compiles its own monthly
employment report, suggests that the construction sector will
shed as many as 247,000 jobs between June 2007 and the last
quarter of 2008, or a little more than 14,000 per month.
Read more at Reuters.com Economic News
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