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Contractors appear to be closing the gap between rising input costs and bid prices, based on the latest Producer Price indexes (PPIs). The PPI for new nonresidential building construction—a measure of the price that contractors say they would charge to build a fixed set of buildings—increased 1.4% in April from March and 5.6% year-over-year (y/y) from April 2018, the Bureau of Labor Statistics (BLS) reported on Thursday.
Ken Simonson's picture
May 13, 2019
Nonfarm payroll employment in April increased by 263,000, seasonally adjusted, from March and by 2,620,000 (1.8%) year-over-year (y/y) from April 2018, the Bureau of Labor Statistics (BLS) reported.
Ken Simonson's picture
May 06, 2019
Ken Simonson, chief economist for AGC of America, shares his weekly summary of economic news, especially those items most relevant to the construction industry.
Ken Simonson's picture
May 01, 2019
Seasonally adjusted construction employment rose from March 2018 to March 2019 in 38states, declined in 11 states and the District of Columbia, and was unchanged in Nebraska, an AGC analysis of Bureau of Labor Statistics data released on Friday showed.
Ken Simonson's picture
April 26, 2019
The producer price index (PPI) for final demand in March, not seasonally adjusted, increased 0.7% from February and 2.2% year-over-year (y/y) from March 2018, the Bureau of Labor Statistics (BLS) reported on Thursday.
Ken Simonson's picture
April 19, 2019
Nonfarm payroll employment in March increased by 196,000, seasonally adjusted, from February and by 2,499,000 (1.7%) year-over-year (y/y) from March 2018, the Bureau of Labor Statistics (BLS) reported Friday.
Ken Simonson's picture
April 08, 2019
Construction spending totaled $1.320 trillion at a seasonally adjusted annual rate in February, up 1.0% from the upwardly revised January estimate and up just 1.1% year-over-year (y/y) from February 2018, the Census Bureau reported today. Public construction spending jumped 3.6% for the month and 11% y/y.
Ken Simonson's picture
April 03, 2019
Seasonally adjusted construction employment rose from February 2018 to February 2019 in 37states and declined in 13 states and the District of Columbia, an AGC analysis of Bureau of Labor Statistics data released today showed.
Ken Simonson's picture
March 25, 2019
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...
Ken Simonson's picture
March 19, 2019
Nonfarm payroll employment in February increased by 20,000, seasonally adjusted, from January and by 2,509,000 (1.7%) year-over-year (y/y) from February 2018, the Bureau of Labor Statistics (BLS) reported today. The unemployment rate was 3.8%, down from 4.0% in January and from 4.1% in February 2018.
Ken Simonson's picture
March 11, 2019