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"Because construction is a lagging indicator, construction activity needs to increase before we see the industry's unemployment rate begin to decrease."

          —ABC Chief Economist Anirban Basu.

The nation's construction industry lost jobs for a second straight month, shedding 12,000 jobs in November, according to the Dec. 2 jobs report by the Department of Labor.

During the past twelve months, the construction industry has added 18,000 jobs, or 0.3 percent. The construction unemployment rate slipped from 13.7 percent in October to 13.1 percent in November, and is down from 18.8 percent in November 2010.