NYC Construction Group: 20K Lost Jobs in 8 Months

NEW YORK (AP) -- A New York City construction group says the recession has cost the industry nearly 20,000 jobs since last summer.

The New York Building Congress says the city's construction jobs fell to 117,000 in March. That's down 19,900 since last August.

The industry lost jobs every month, from August to March, as financing for real estate projects dried up and some were shuttered.

Workers' wages continued to rise despite the job losses, up from an average $65,000 in 2007 to about $68,000 in 2008.

Developers and trade unions have been working for months on a labor agreement that would cut wages and other costs by up to 15 percent to try and restart stalled projects.

TM & Copyright 2009 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO & EYE Logo TM & Copyright 2009 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. TheAssociated Press contributed to this report.

Twilight Saga

Caliente!

Runway

Flashback

'New Moon' Screening

It's the movie everyone is talking about. See who was at the New York screening of "New Moon."

Sexiest Men of '09

This year's "Sexiest Man Alive'' is Johnny Depp. See who else made People's list.

Victoria's Secret

Victoria's Secret sent some hot looks down the runway at its New York fashion show.

Then & Now

Recognize this face? Check out pics of your favorite stars before they were famous.