Construction employers added 17,000 jobs in October while the industry’s unemployment rate fell to 11.4 percent, according to an analysis of new federal data released by the Associated General Contractors of America. Association officials noted that total construction employment levels have changed little during the past year while the declines in the industry's unemployment rate are coming as more former workers leave the industry. “Despite five consecutive months of construction employment gains, the overall employment picture is essentially unchanged from a year ago,” said Ken Simonson, the association’s chief economist. “Construction employment appears stuck in a state of mild monthly … Read more
AGC Reports on September Construction Spending
Construction spending in September climbed to a nearly three-year high at an annualized rate of $852 billion, as increased spending on houses, apartments and private nonresidential projects outweighed a continuing downturn in public construction, according to an analysis of new federal data released today by the Associated General Contractors of America. Association officials said they expect both the public and private trends to continue despite the disruption caused by Hurricane Sandy. “It is heartening to see the growth in total spending, but the progress remains fragile and fragmentary,” said Ken Simonson, the association's chief economist, noting that construction spending had … Read more
NAWIC Installs New National President, Board Members
FORT WORTH, Texas — The National Association of Women in Construction has installed Cindy Johnsen, CBT, CDS, CIT, as its 58th national president during NAWIC's Annual Meeting and Convention. Johnsen, an office administrator III for Granite Construction Company, has been a member of NAWIC's San Bernardino-Riverside, Calif. Chapter since 1997. Johnsen has exciting plans for her term as NAWIC president. She said, “My vision is to start the development of professional development programs in NAWIC that can be published and utilized throughout the industry to develop strong leaders/mentors and great employees.” Asked about her top priority while in office, Johnsen … Read more
AGC Reports on Construction, Market Trends
Construction employment declined in 160 out of 337 metropolitan areas between September 2011 and September 2012, increased in 125 and was stagnant in 52, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said that construction employment in many areas continued to decline as construction activity is put on hold amid uncertainty about federal tax and investment programs and declining public sector demand. “A lot of project owners appear to be taking a time out until Washington officials can set tax rates for next year and figure out what to … Read more
FMI Predicts Construction-Put-In-Place Will Top $1 Trillion in 2014
RALEIGH, N.C — FMI, a provider of management consulting and investment banking to the engineering and construction industry, announces the release of its 2013 U.S. Markets Construction Overview. With construction-put-in-place at the end of 2012 expected to be between $826-$884 billion, researchers at FMI predict CPIP growth rates to be slightly ahead of GDP in 2013 and 2014. This would place the CPIP at more than $1 trillion by the end of 2014, nearly six percent of GDP. Other predictions include : Power CPIP of nearly $100 billion, as well as environmental remediation and conservation work of nearly $7 billion are … Read more



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