Construction firms added jobs in 39 states between September 2013 and September 2014 while construction employment increased in 34 states and the District of Columbia between August and September, according to an analysis of labor department data by the Associated General Contractors of America. Association officials noted that the construction job gains come as more construction firms report having a hard time finding qualified workers to fill key positions. “Construction firms in most states have been expanding during the past year,” said Ken Simonson, the association’s chief economist. “But as those firms expand, they have to work harder to attract … Read more
Construction Employers Add Jobs in September, Unemployment Rate Declines
Construction employers added 16,000 jobs and the sector’s unemployment rate fell to 7 percent, the lowest rate for September in years, according to an analysis released by the Associated General Contractors of America. Association officials said the construction employment gains come as more firms report having a hard time finding enough qualified workers to fill available positions, citing the lack of local vocational training programs, especially at the secondary level. “While we are eager to see even more construction employment gains, there is no denying the fact that the industry has been in recovery mode for much of the past … Read more
Construction Employment, Spending Gains Remain Uneven from August 2013, 2014
Construction employment expanded in 220 metro areas, declined in 73 and was stagnant in 46 between August 2013 and August 2014, according to a new analysis of federal employment data recently released by the Associated General Contractors of America. Association officials added that construction spending climbed to $961 billion from $915.3 billion between August 2013 and August 2014, a 5 percent increase, according to federal data also released. “Even as construction employment continues to rebound in many parts of the country, other areas continue to lose ground, or like Phoenix, backslide,” said Ken Simonson, the association’s chief economist. “Similarly, while … Read more
Construction Employment Increases in 36 States during Past Year
Construction firms added jobs in 36 states between August 2013 and August 2014, while construction employment increased in 28 states between July and August, according to an analysis of Labor Department data by the Associated General Contractors of America. Association officials noted construction activity continues to spread across most of the nation even, as employment gains remain uneven by month and state. “The number of states with increases in construction employment over the last 12 months moderated in August but remained strongly positive as construction activity continues to spread across most of the nation,” said Ken Simonson, the association's chief … Read more
Economy Improving Slowly According to FMI Q3-2014 Outlook
RALEIGH, N.C. — FMI released its Q3-2014 Construction Outlook. The forecast calls for solid, slow growth. Contributing factors include relatively low energy prices, low inflation, unemployment holding around 6.2 percent and GDP slowly growing. Additionally, consumer confidence is rising steadily, building permits and housing starts bounced back in July, and banks are starting to lend again, that is, if the applicant has good credit and cash flow. Therefore, sectors such as power, conservation and development, as well as transportation will continue to see growth ahead of GDP. However, water supply, sewage and waste disposal, and highway and street construction will … Read more