A Sustainable Workforce Starts With You
Nonfarm payroll employment in November increased by 155,000, seasonally adjusted, from October and by 2,443,000 (1.7%) year-over-year (y/y), the Bureau of Labor Statistics (BLS) reportedtoday. The unemployment rate remained at a 49-year low of 3.7%. [node:read-more:link]
The value of new construction starts in October soared 21% at a seasonally adjusted annual rate, following "three straight months of decline," construction data provider Dodge Data & Analyticsreported on November 20. [node:read-more:link]
The election results on Tuesday carry numerous implications at all levels of government for construction spending, financing, regulation and workforce. [node:read-more:link]
Construction spending totaled $1.329 trillion at a seasonally adjusted anfrom the upwardly revised August rate and up 5.5% from September 2017 to a record high (without adjusting for inflation), the Census Bureau reported. [node:read-more:link]
Inflation-adjusted gross domestic product (real GDP) increased 3.5% at a seasonally adjusted annual rate in the third quarter (Q3) of 2018, following a 4.2% gain in Q2, the Bureau of Economic Analysis (BEA) reported Friday. [node:read-more:link]
Seasonally adjusted construction employment rose in 45 states and the District of Columbia year-over-year (y/y) from September 2017 to September 2018, declined in three states and held steady in Maryland and Missouri, an AGC analysis of Bureau of Labor Statistics data released today showed. [node:read-more:link]
