econ "Construction Companies Increased, Employed Fewer in 1987" (03/16/95) EMBARGOED UNTIL: MARCH 16, 1995 (THURSDAY) Public Information Office CB95-56 301-457-2794 301-457-4067 (TDD) Patricia Horning 301-457-4680 AMERICAN CONSTRUCTION COMPANIES INCREASED, BUT EMPLOYED FEWER WORKERS IN 1992 THAN IN 1987 EMBARGOED UNTIL: MARCH 16, 1995 (THURSDAY) - The nation's construction industries employed 4,674,407 in 1992, a drop of 6.8 percent from 1987, according to the 1992 Census of Construction Industries, Preliminary U.S. Summary (CC92-I-27(P)), released today by the Commerce Department's Census Bureau. While employment fell, the number of construction establishments increased by 7 percent to 573,274 over this same period. Payroll expenses and value of construction work done also increased by 7 percent to $118 billion and $529 billion, respectively. The construction sector is divided into three major groups: general construction (major group 15), heavy construction (major group 16), and special trade contractors (major group 17). Within the major groups are 26 industries, at the four-digit Standard Industrial Classification code level. Of these 26 industries, only six showed employment increases from 1987 to 1992: SIC 1796 Installation or Erection of Building Equipment, Not Elsewhere Classified (+19 percent) SIC 1799 Special Trade Contractors, Not Elsewhere Classified (+18 percent) SIC 1781 Water Well Drilling (+12 percent) SIC 1752 Floor Laying and Other Floor Work, Not Elsewhere Classified (+10 percent) SIC 1629 Heavy Construction, Not Elsewhere Classified (+2 percent) SIC 1521 General Contractors - Single Family Houses (+2 percent) Industries showing the greatest decrease in employment from 1987 were SIC 1522, General Contractors--Residential Other than Single Family (-39 percent); and SIC 1531, Operative Builders (- 33 percent). Note: All dollar values are in current dollars and have not been adjusted for inflation. These data are from the 1992 Census of Construction Industries, Preliminary Industry Series, United States Summary (CC92-I-27(P)). This report provides national totals for industry groups (four-digit industry data can be obtained from the separate industry reports). This information helps government agencies and private interest groups assess the performance of the economy and help private business monitor their markets. Copies of this report are available from the Superintendent of Documents, U.S. Government Printing Office, P.O. Box 371954, Pittsburgh, PA 15250-1954 (price $2.25, stock number 803-036-00055-1). Final Industry Series Reports, scheduled for release beginning in 1995, will provide additional tabulations of industry data at the national and state level. The Geographic Area Series Reports, with additional data for metropolitan areas, are scheduled for release in late 1995. -X- Editor's Note: EMBARGOED UNTIL: MARCH 16, 1995 (THURSDAY) - data from the reports also will be available on CD-ROM. Media representatives may obtain copies of this report from the bureau's Public Information Office on 301-457-2794, fax: 301- 457-3670, or e-mail: pio@census.gov. Non-media orders should go to the bureau's Customer Services Office on 301-763-INFO(4636).