By Melissa Biernacinski During their time in the armed forces, vets spend their careers perfecting and upholding the highest standards of conduct — discipline, dedication, respect. Skills any employer would be thrilled to have in an employee. Yet, upon honorable discharge, many vets find themselves unemployed and, in some cases, not entirely sure how to transfer skills to the civilian workforce. According to the Bureau of Labor Statistics, the unemployment rate among Gulf War-era II (since Sept. 11, 2001) vets is 8.3 percent for males ages 18 to 44 and, for women ages 25 to 44 (18 to 24 numbers … Read more
Nonresidential Construction Spending Slips for Second Consecutive Month
Nonresidential construction spending slipped 1 percent in September but has still managed to expand 4.2 percent on a year-over-year basis, according to the Nov. 1 release from the U.S. Census Bureau. Spending for the month totaled $596.1 billion on a seasonally adjusted, annualized basis while the government slightly revised the August spending figure from $603.7 billion to $601.9 billion. “September’s drop in nonresidential construction spending is disappointing given the growing momentum in the broader economy and the generally positive signals being sent by industry-specific leading economic indicators,” said Associated Builders and Contractor Chief Economist Anirban Basu. “Based on a combination … Read more
Employers Add Thousands of Jobs in October; Unemployment at 8-Year Low
Construction employers added 12,000 jobs in October and the sector’s unemployment rate fell to 6.4 percent, the lowest rate for October since 2006, according to an analysis released by the Associated General Contractors of America. Association officials said the construction employment gains, along with rising wages and weekly hours, are consistent with survey results showing more firms are having a hard time finding enough qualified workers to fill available positions. Construction employment totaled 6.95 million in October, the highest total since May 2009, with a 12-month gain of 231,000 jobs or 3.9 percent, Ken Simonson, the association’s chief economist, noted. … Read more
Construction Spending in September Slips
Construction spending decreased for the second consecutive month in September as declines in public and private nonresidential construction, as well as multifamily projects, offset growth in single-family homebuilding, according to an analysis by the Associated General Contractors of America. Association officials said the new spending figures underscore how challenges current market conditions are for many firms. “These data show that construction gains remain fragmentary and volatile, even though industry employment has been picking up in more states,” said Ken Simonson, the association’s chief economist. “Many categories of spending rose sharply over the past year but month-to-month changes have been mixed.” … Read more
Construction Employment Increases Amid Growing Demand, Worker Shortages
Construction employment expanded in 236 metro areas, declined in 53 and was stagnant in 50 between September 2013 and September 2014, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said that as firms expand their payrolls, many are finding a limited supply of available qualified workers. “It is good news that construction employment gains have spread to more than two-thirds of the nation's metro areas,” said Ken Simonson, chief economist for the association. “But there is a growing risk that contractors in many of these regions will have trouble … Read more





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