The Construction industry seasonally slowed dropping 8344 employees down 8.2%. All sectors lost employment. Special Trade (17) decreased 3204 employees. Misc Special Trade Contractors (179) down 1371 employees and Concrete Work (177) down 650 were the largest declining components of Special Trade. Losses in Misc Special Trade can be attributed to seasonal cutbacks in Excavation Work (1794) and Special Trade Contractors Not Elsewhere Classified (1799). Heavy Construction (16) lost 3157 employees. Losses were basically seasonal but stronger than usual due to project completions. General Building (15) dropped 1983 employees. Residential Building (152) comprised better than half of the losses in General Building. Seasonal slowing, slowing in-migration and real estate markets affected home building during this quarter.
ANNUAL
Construction employment remains ahead of last year. Annually, the industry added 7435 employees for a gain of 8.6%. Special Trade (17) growth constituted the bulk of the increase with 6214 new employees. Subsectors adding better than 1000 employees were: Plumbing, Heating & Air- Conditioning (171); Electrical Work (173); Masonry, Stonework, Tile Setting & Plastering (174); and Concrete Work (177). General Building (15) added 1164 employees. Although Residential Building (152) is the largest component of this sector and reports the largest annual increase, growth has slowed. Gains over a year ago have been hurt by increased interest rates and a declining base of high income immigrants. Heavy Construction (16) expanded by only 57 employees over last year due to less project activity.
1994 SIC CHANGES
Construction lost approximately 149 employees and $1,635,280 in quarterly payroll due to reclassification.
Colorado Employment and Wages (ES202) First Quarter 1995
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