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

RALEIGH, N.C. — The Nonresidential Construction Index from FMI rose two points in Q1. This normally is a positive economic sign. However, construction companies are facing the challenge of having enough people to keep up with increasing backlogs, warns Phil Warner, researcher for FMI. The engineering and construction executives that comprise the NRCI panel are strongly optimistic about both the economy and their businesses. The diffusion indexes for the overall economy and the geographic economies where individual panelists do business rose more than six points, reaching 78. The report discusses owners” views on expectations for 2015 construction put in place, … Read more

Construction employment expanded in 257 metro areas, declined in 43 and was stagnant in 39 between December 2013 and December 2014, according to a new analysis of federal employment data released by the Associated General Contractors of America. Association officials said the construction industry should continue to expand in 2015, noting that 80 percent of contractors report plans to add new employees this year. “While weather patterns certainly had an impact on construction employment during the past year, there is little doubt that the construction sector is in recovery mode in most parts of the country,” said Ken Simonson, chief … Read more