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Editor’s note: Construction Citizen is proud to partner with AGC America to bring you AGC Chief Economist Ken Simonson's Data DIGest. Check back each week to get Ken's...
April 23, 2018
The producer price index (PPI) for final demand in March, not seasonally adjusted, rose 0.5% from February and 3.0% year-over-year (y/y) from March 2017, the Bureau of Labor Statistics (BLS) reported on Tuesday. AGC posted tables and an explanation focusing on construction prices and costs. Final demand includes goods, services and five types of nonresidential buildings that BLS says make up 31% of total construction.
April 16, 2018
Nonfarm payroll employment in March increased by 103,000, seasonally adjusted, from February and by 2,261,000 (1.5%) year-over-year (y/y) since March 2017, the Bureau of Labor Statistics (BLS) reported today. The unemployment rate remained at a 17-year low of 4.1% for the sixth month in a row.
April 10, 2018
Construction spending totaled $1.273 trillion at a seasonally adjusted annual rate in February, up 0.1% from the upwardly revised January rate and up 3.0% from February 2017, the Census Bureau reported today. Public construction declined 2.1% for the month but increased 1.6% year-over-year (y/y). Of the three largest public segments, highway and street construction fell 0.2% for the month and 5.1% y/y; educational construction slipped 0.5% from January but increased 3.0% y/y; and transportation dropped 2.2% for the month but increased 9.2% y/y, including a 35% y/y jump in state and local airport construction and an 8% decrease in other public transportation (port, transit and passenger rail) construction.
April 03, 2018
Seasonally adjusted construction employment rose in 35 states and the District of Columbia year-over-year (y/y) from February 2017 to February 2018, declined in 14 states and was unchanged in Vermont, an AGC analysis of Bureau of Labor Statistics (BLS) data released today showed. 
March 27, 2018
The producer price index (PPI) for final demand in February, not seasonally adjusted, increased 0.3% from January and 2.8% year-over-year (y/y) from February 2017, the Bureau of Labor Statistics (BLS) reported on Wednesday. AGC posted tables and an explanation focusing on construction prices and costs. Final demand includes goods, services and five types of nonresidential buildings that BLS says make up 31% of total construction. 
March 23, 2018
Nonfarm payroll employment in February increased by 313,000, seasonally adjusted, from January and by 2,281,000 (1.6%) year-over-year (y/y) since February 2017, the Bureau of Labor Statistics (BLS) reported on Friday. The unemployment rate remained at a 17-year low of 4.1% for the fifth month in a row. 
March 16, 2018
President Trump announced on Wednesday that he would impose tariffs of 25% on all imported steel and 10% on all imported aluminum. The impact of tariffs is likely to be severe for construction. "The American Iron and Steel Institute estimates that 43% of U.S. steel consumption goes to the construction industry," the Wall Street Journal reported today.
March 06, 2018
The value of new construction starts in January slipped 2% at a seasonally adjusted annual rate, following a 13% jump in December, construction data provider Dodge Data & Analytics reported on Thursday. 
February 26, 2018
The producer price index (PPI) for final demand in January, not seasonally adjusted, increased 0.6% from December and 2.7% year-over-year (y/y) from January 2017, the Bureau of Labor Statistics (BLS) reported on Thursday.
February 20, 2018