Construction Employment Increases in 45 States and D.C., 33 States Add Jobs

Construction firms added jobs in 45 states and the District of Columbia between February 2014 and February 2015 while construction employment increased in 33 states between January and February, according to a recent analysis of Labor Department data by the Associated General Contractors of America. Association officials noted that growing labor, funding and regulatory challenges may impact future jobs gains, however. “Construction employment continues to recover in many parts of the country even as some markets have a hard time stabilizing,” said Ken Simonson, the association’s chief economist. “States like Nevada and Mississippi continue to experience significant monthly swings in … Read more

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Dodge Momentum Index Rises in February

NEW YORK, N.Y. — The Dodge Momentum Index increased to 126.3 (2000=100) in February, a gain of 4.3 percent from January's 121.1, according to Dodge Data & Analytics. The index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The index has been exhibiting somewhat of a saw-tooth pattern as of late, up in December, down in January and now up in February. Despite the volatility that is sometimes visible in planning data, the overall trend for the … Read more

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Construction Materials Prices Rise for First Time in Six Months

The largest monthly gain in petroleum prices in over three years caused construction materials prices to expand 0.4 percent in February, ending a six-month streak when prices failed to rise, according to the recent price index release by the Bureau of Labor Statistics. On a year-over-year basis, construction input prices fell 3.9 percent. Nonresidential construction input prices also rose 0.4 percent on a monthly basis and were down 4.9 percent on a yearly basis. “While conventional wisdom suggests that oil and natural gas prices will eventually rise, the adjustment period could be a lengthy one and although crude petroleum prices … Read more

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Construction Employment Increases During Past Year, Reports AGC

Construction firms added jobs in 43 states and the District of Columbia between January 2014 and January 2015 while construction employment increased in 31 between December and January, according to a recent analysis of Labor Department data by the Associated General Contractors of America. Association officials noted that further construction gains could be undermined if Congress and the administration fail to address infrastructure funding challenges growing regulatory burdens. “Most of the country experienced a welcome rebound in construction employment last year,” said Ken Simonson, the association’s chief economist. “Yet it is unclear how public sector demand and new regulatory requirements … Read more

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Construction Firms Add 29,000 Jobs in February, Industry Employment Level Reaches All-Time High

Construction employers added 29,000 jobs in February and 321,000 over the past year, reaching the highest employment total in six years, as the sector’s unemployment rate fell to an eight-year low of 10.6 percent, according to an analysis by the Associated General Contractors of America. Association officials cautioned, however, that construction jobs in the highway and transit sector were at risk because of Washington gridlock. “Despite challenging weather conditions in much of the country, both the number of workers and their average weekly hours rose last month to the highest levels since the recession,” said Ken Simonson, the association’s chief … Read more

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