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Construction Employers Add 11,000 Jobs In October

Construction employment hit a 50-month high as employers added 11,000 jobs in October, the fifth consecutive month of sector job gains, and the industry unemployment rate fell to 9 percent, according to an analysis of new government data by the Associated General Contractors of America. Association officials said that the new employment figures indicate there was little nationwide short-term impact from the federal government shutdown and cautioned that skilled worker shortages are likely to grow as the industry continues to expand.

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Cat Rolls Out Tier 4 Final Products

Caterpillar held a press event last week introducing several new Tier 4 Final products. The event was held at the company’s Edwards Training and Demonstration Center near Peoria, Ill., and was attended by Rock Products assistant editor Josephine Smith.

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Martin Marietta Reports Double-Digit Increases

Martin Marietta Materials Inc. announced its results for the third quarter and nine months ended Sept. 30, 2013. Ward Nye, president and CEO of Martin Marietta Materials, stated: “We are pleased to report a double-digit increase in both revenues and earnings in the third quarter of 2013. Our performance was driven largely by the ongoing recovery in private-sector construction activity as well as solid execution of our long-term strategic plans and diligent management of our cost structure. I am especially proud of the fact that our company achieved these strong results despite the continued public-sector construction headwinds. The combination of a 12 percent increase in consolidated net sales over the prior-year quarter and our ongoing focus on controlling costs resulted in a 13 percent increase in earnings per diluted share. These results reflect new third-quarter records for both net sales and earnings from operations in the Specialty Products business as well as volume and pricing growth in the aggregates product line.”

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Vulcan Touts Third-Quarter Results

Vulcan Materials released its third-quarter report, and net sales increased $88 million, or 13 percent, versus the prior year's third quarter. Gross profit improved $32 million, or 25 percent, from the prior year.

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Voters Approve Transportation Funding

Voters across the nation again confirmed the high value they place on transportation infrastructure improvements by approving 91 percent of November 5 ballot measures to increase or extend funding for highways, bridges and transit and electing two transportation advocates for governor, according to the American Road and Transportation Builders Association (ARTBA).

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