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Construction Jobs Down 20,000 from August

NEW YORK CITY-The New York City Building Congress is reporting that employment through construction is trending downwards as development has slowed.

By Cody Lyon | Updated on May 15, 2009

NEW YORK CITY-Further symptoms of a building slowdown showed up in the latest edition of the New York City Construction Outlook from the New York Building Congress released this week. That report says nearly 20,000 New York City construction jobs disappeared from August 2008 to March 2009. Overall, the Building Congress reports construction employment was down by nearly 10% compared to the first quarter 2008.

The city’s construction industry normally employs around 123,000 with average payrolls of approaching $14 billion–second to only health care, according to the Building Congress. The Congress says that average earnings for all New York City construction workers topped $68,000 in 2008, up from $57,500 five years earlier in 2003.

Of the job losses, Building Congress president Richard Anderson says, in a statement, that “monthly employment generally peaks each year during the summer and early fall, when the weather is usually warmer and drier. So, it’s not surprising to see first quarter numbers come in relatively low.” But he adds that “our analysis indicates an alarming and accelerating rate of decline that set in over the fall and winter.”

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