A Sustainable Workforce Starts With You

Seasonally adjusted construction employment rose in 39 states from March 2016 to March 2017, held steady in West Virginia, and fell in 10 states and the District of Columbia, an AGC analysis of BLS data released today showed. Oregon again had the largest percentage gain (9.2%, 8,200 jobs), followed by Nevada (8.3%, 6,200), Rhode Island (8.2%, 1,500) and Florida (7.9%, 36,500).
April 24, 2017
The producer price index (PPI) for final demand in March, not seasonally adjusted, increased 0.2% from February and 2.3% year-over-year (y/y) from March 2016, the Bureau of Labor Statistics (BLS) reported on Thursday. 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 34% of total construction.
April 14, 2017
Nonfarm payroll employment in March increased by 98,000, seasonally adjusted, from February and by 2,185,000 (1.5%) year-over-year (y/y), the Bureau of Labor Statistics (BLS) reported today. The unemployment rate declined to 4.5% from 4.7% in February. Construction employment increased by 6,000, following a 59,000-job jump in February, the largest one-month gain in 11 years.
April 11, 2017
Seasonally adjusted construction employment rose in 43 states from February 2016 to February 2017 and fell in seven states and the District of Columbia, an AGC analysis of Bureau of Labor Statistics (BLS) data released on Friday showed. Rhode Island led in percentage gain (12%, 2,200 jobs), followed by Idaho (10%, 4,200), Oregon (10%, 8,900) and Louisiana (9.6%, 13,500).
April 04, 2017
Dodge, ConstructConnect, ABI, Census find divergent starts, design and permit trendsThe value of construction starts rose 2% from January to February at a seasonally adjusted annual rate, Dodge Data & Analytics reported on Tuesday. "This was the second straight monthly increase, following a 15% hike in January [revised up from an initial estimate of +12%], as construction starts regained the upward track following four consecutive monthly declines to close out 2016. Much of February's advance came from a strong performance by the public works sector, led by the start of a $1.4 billion natural gas pipeline in Ohio, West Virginia, and Pennsylvania, plus an improved level of highway and bridge construction. The electric utility/gas plant category also strengthened with the start of two large power plants and a major transmission line project. At the same time, nonresidential building made a partial retreat [-9%] after its strong January performance, yet still remained slightly above its average monthly pace during 2016.
March 23, 2017
Construction input costs again outpace building PPIs; hires rise; 39 states add jobsEditor’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 expert analysis of what's happening in our industry.The producer price index (PPI) for final demand in February, not seasonally adjusted, increased 0.4% from January and 2.2% year-over-year (y/y) from February 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 34% of total construction. The PPI for final demand construction, not seasonally adjusted, dipped 0.1% for the month but increased 1.2% y/y.   
March 21, 2017
Employment jumps in February; "Momentum" looks positive for building, power projectsNonfarm payroll employment in February increased by 235,000, seasonally adjusted, from January and by 2,350,000 (1.6%) year-over-year (y/y), the Bureau of Labor Statistics (BLS) reported today. The unemployment rate dipped to 4.7% from 4.8% in January. Construction employment (6,881,000) increased by 58,000 from the upwardly revised January total to the highest level since November 2008 and rose by 219,000 (3.3%) y/y. The monthly increase was the largest since March 2007 and probably reflected exceptionally mild weather in much of the U.S. in February. There was an increase of 15,100—the largest for February since 1996—in heavy and civil engineering construction employment, which is likely more affected than building or specialty trade contractors by winter weather. Average hourly earnings in construction increased 2.7% y/y to $28.48, or 9.2% higher than the average for all private-sector employees ($26.09, a y/y gain of 2.8%).  
March 13, 2017
Construction spending, starts stumble in January; Beige Book finds 'modest' growthEditor’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 expert analysis of what's happening in our industry.Construction spending totaled $1.180 trillion at a seasonally adjusted annual rate in January, a decrease of 1.0% from the December rate but a 3.1% year-over-year (y/y) gain from the January 2016 rate, the Census Bureau reported on Wednesday. Private residential spending in January increased 0.5% for the month and 5.9% y/y. New multifamily construction increased 9.0% y/y; new single-family construction rose 2.3% y/y; and residential improvements rose 11% y/y. Private nonresidential spending was unchanged from December but climbed 8.9% y/y.   
March 06, 2017
Construction starts soar in January, Dodge says; airport projects take off; ABI slipsEditor’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 expert analysis of what's happening in our industry.The value of construction starts jumped 12% from December to January at a seasonally adjusted annual rate, Dodge Data & Analytics reported on Wednesday. "After losing momentum during last year's fourth quarter, nonresidential building strengthened in January, with much of the lift coming from the start of the $3.4 billion Central Terminal Building at LaGuardia Airport in New York [LGA] as well as groundbreaking for several other large airport terminal projects."   
February 28, 2017
Construction input costs outpace new building PPIs; more price hikes appear imminentEditor’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 expert analysis of what's happening in our industry.The producer price index (PPI) for final demand in January, not seasonally adjusted, increased 0.5% from December and 1.6% year-over-year (y/y) from January 2016, the Bureau of Labor Statistics (BLS)  reported today. 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 34% of total construction. The PPI for final demand construction, not seasonally adjusted, climbed 0.3% for the month and 1.3% y/y. The PPI for new nonresidential building construction—a measure of the price that contractors say they would charge to build a fixed set of five categories of buildings—rose 1.4% y/y. Changes ranged from 0.8% y/y each for industrial and school building construction to 0.9% for health care buildings, 1.9% for office buildings and 2.0% for warehouses. PPIs for new, repair and maintenance work on nonresidential buildings ranged from 0.8% y/y for electrical contractors to 0.2% for plumbing contractors, 2.0% for roofing contractors and 4.1% for concrete contractors. The index for inputs to construction—excluding capital investment, labor and imports—comprises a mix of 59% goods (including 5% for energy) and 41% services (including trade services, 26%; transportation and warehousing, 4%; and other services, 10%).   
February 16, 2017