ADP: 30,000 Construction Jobs Lost in February
- Mar 05, 2008
Roseland, N.J.–Nonfarm employment dropped by 23,000 jobs in February in the private sector, according to a report released Wednesday by Roseland, N.J.-based business outsourcing provider ADP.The first-ever employment decline in the ADP National Employment Report’s two-year history included a 30,000-job deterioration in the mortgage market-plagued construction sector, Bloomberg reports. The construction sector has declined every month since August 2006. The financial sector posted a 5,000-job drop last month.