Construction Spending Dips in September; Highways Rise

The U.S. Census Bureau of the Department of Commerce announced that construction spending during September 2016 was estimated at a seasonally adjusted annual rate of $1,150.0 billion, 0.4 percent (±1.3 percent) below the revised August estimate of $1,154.4 billion. The September figure is 0.2 percent (±1.8 percent) below the September 2015 estimate of $1,152.1 billion. 

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Industry Urges Congress to Tackle Worker Shortage

Construction employment slipped from July to August for the fourth time in five months. Year-over-year job gains and recently released spending data suggest the recent weakness is due to firms having a hard time finding workers rather than lack of demand, according to an analysis by the Associated General Contractors of America. Association officials said its recent survey that found…

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Construction Employment Stable in May

Construction employment was unchanged from May to June, but an increase in hourly pay and longer workweeks, along with shrinking numbers of unemployed construction workers, suggest contractors would hire more workers if they were available, according to an analysis by the Associated General Contractors of America. Association officials said the lack of available qualified workers for firms to hire appears…

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Deep Need Pinches Construction Labor Market

Construction employment dipped for the second consecutive month in May, but rising industry pay and plunging unemployment suggest contractors would be hiring more workers if they were available, according to an analysis by the Associated General Contractors of America. Association officials cautioned that worker shortages may be reaching the point where they undermine the sector’s growth.

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Construction Employment Still Increasing

Construction employment increased in 244 out of 358 metro areas, was unchanged in 44 and declined in 70 between March 2015 and March 2016, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said the new figures show that the construction sector, in most parts of the country, continues…

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AGC Says Construction Employment Being Roadblocked

Construction employment expanded in 36 states and the District of Columbia between August 2014 and August 2015 while only 25 states added jobs between July and August, according to an analysis of Labor Department data by the Associated General Contractors of America. Association officials noted that job gains may be lagging as many firms report they are having a hard…

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Positive Signals for the Future

Shortly after I completed my August issue editorial, the Senate passed its version of the highway bill. As we wait for the House to finalize its version of the bill, then contemplate the mysteries of the universe while they try to reconcile the two bills, here are a few interesting construction-economy items.  

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Construction Unemployment Drops to 14-Year Low

Construction employment in July climbed to the highest level since February 2009, while the number of unemployed workers with construction experience shrank to a 14-year low, according to an analysis by the Associated General Contractors of America. Association officials cautioned that the diminishing pool of available qualified labor may be having an impact on the industry’s ability to meet growing…

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