We found a chart that you might be interested in on a site called Calculated Risk that charts the percentage of job losses for previous and current recessions. It is set up to align at the point of maximum job losses during each recession and it shows that we are on the upswing if you consider the census bureau hires, but are looking at a dip if you discount them. This chart is interesting in that it shows that we are in a very slow recovery.
June 19, 2010
With the unemployment rate in the construction industry still lingering at about 24% according to the Bureau of Labor Statistics (BLS), and with many former construction workers...
June 09, 2010
You might not know it but there is a shortage of skilled craftspeople in the industry. Today, with the 24% unemployment across the industry, probably not; however, look at these figures. In its updated projections, the Bureau of Labor Statistics (BLS) indicates that there will be 1,300,000 new construction jobs created in the construction industry between today and 2018. That represents a 19% growth rate and is the largest increase in the Goods producing sector in this country. That represents almost 163,000 new construction jobs a year for the next 8 years.With the economy in recession and with what is beginning to look like a “long tail” on this recession, that demand will probably not be evident until late 2011 or early 2012 and then the rate will increase at a greater rate. In order to meet that demand, we need to be doing something about it today.
June 05, 2010
Building Information Modeling or BIM is being used by architects, engineers and contractors around the US and even around the world to create new and exciting buildings. BIM is a way to virtually construct a proposed building in order to avoid conflicts among the various spatial, structural, mechanical, electrical and plumbing systems. The avoidance of systems conflicts and the delays that would follow on site during construction are key to the successful completion of a project for the owners and users.
June 04, 2010
“The Job is complete and you did a great job, but because of the economy and no new projects, we don’t have another assignment for you right now so you are on your own. We’re...
May 26, 2010
According to the BLS (Bureau of Labor Standards) the March job numbers showed a positive growth of 162,000 jobs. There is “joy in Mudville,” to coin an old baseball term, if those numbers hold true as it just might be the first positive indicator of the economy since we dropped from the peak of the last cycle in December of 2007. There are those who believe that the recent numbers, while positive, are not conclusive. The National Bureau of Economic Research (NBER) Business Cycle Dating Committee (no, it is not an online dating service) met recently to determine whether the economy was at its lowest point and they concluded that while some of the indicators have turned positive, not enough have shown positive results to determine whether or when the bottom of the trough has occurred. There is no question in the minds of most
April 27, 2010