Documents Mullins, John P. 2 results

"The Current Employment Statistics program began producing and publishing employment series for residential specialty trade contractors and nonresidential specialty trade contractors in 2005. This article shows that, by using sound statistical methods, reliable estimates of residential and nonresidential construction employment can be produced, yielding analytical benefits. In particular, the breakout of residential and nonresidential construction allows analysis to determine which type of business drives employment in specialty trade contractors, the dominant sector in the construction industry. This article explains the methodology behind the research and the results that led to the new construction employment series."

" The construction industry encompasses a collection of diverse, specialized smaller industries, each serving different groups and providing different services. Although differing in timing, business and employment cycles across these subindustries have tended to follow similar patterns, rising sharply in response to economic expansions and declining in response to contractions. However, during and following the 2001 recession, consumer investment and business investment diverged from their usual patterns, while residential construction employment increased and nonresidential construction employment declined. This article analyzes trends in construction employment from 2001 to 2005, with special attention being given to the measurement of residential and nonresidential components."