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Nonfarm payroll employment in June increased by 213,000, seasonally adjusted, from May and by 2,374,000 (1.6%) year-over-year (y/y), the Bureau of Labor Statistics (BLS) reported today. The unemployment rate edged up to 4.0% from 3.8% in May. Construction employment rose by 13,000 for the month and 282,000 (4.1%) y/y to 7,222,000 (the most since May 2008 but 7% below the June 2006 peak).
Reshaping the Construction Industry
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Nonresidential construction spending inched 0.1 percent higher on a monthly basis in May, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today. Spending, which totaled $749 billion on a seasonally adjusted annual rate for the month, is up 3 percent from the same time last year.
July 05, 2018
Even though data on construction spending shows volatility, the trend is "solidly up" in the United States. That's one of the major takeaways from numbers released by the Commerce Department this week, which you can see here.
July 03, 2018
Google 3D printing and you will get 281 million results in less than a second. As we have previously posted, most of the attention in the 3D printing world has been focused on the printing of houses in Dubai and China, the additive manufacturing for autos, medical implants, all prototypes for the future. The growth of 3D printing in the AEC industry, while still in its infancy, is finding its way into some interesting places.
July 02, 2018
Chamberlin was awarded seven A/E/C industry awards for their quality workmanship, dedication to safety and trade development. This award-winning company is in its 121st year and continuing to grow as it serves Texas, Oklahoma, and surrounding states.
June 29, 2018
Morpheus was, in Greek mythology, the god of sleep, and recently, he was a major figure in the Matrix movies. Today in Macau, China there is a recently opened, new structure that...
June 28, 2018
Construction companies across Colorado are looking to hire as many as 30,000 to keep up with demand. In Denver specifically, projects are getting underway worth as much as $4 billion.
June 27, 2018
Many companies today face an age gap as they plan for leadership succession. There are not enough people in the historic replacement age range (40-55) to fill the spots being vacated by the retiring baby boomers, now in their 60s and early 70s. Consequently, there is a need to accelerate the development of younger high potentials, so they can take on senior leader responsibilities.
June 26, 2018
Housing starts in May increased 5.0% at a seasonally adjusted annual rate from the April rate and 20% from the May 2017 rate, the Census Bureau reported on Tuesday. Single-family starts rose 3.9% for the month and 18% year-over-year (y/y).
June 25, 2018
