A favorable mid-year outlook

As we compiled our annual Buyers’ Guide Issue, complete with new listings and references in admixture, fleet, plant equipment and other categories, one market indicator after another painted construction activity favoring investment in concrete production and delivery. Industry economists and market observers view the first half of 2015 positively, and confirm a moderate to upbeat outlook for at least the next three years.

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Trades’ talent dearth tempers strong construction employment figures

Sources: Associated General Contractors of America, Washington, D.C.

An AGC analysis of federal government data finds a mixed bag of positive indicators and growth constraints: Construction employment held steady in June at the highest level in six years; the number of unemployed workers with industry experience fell to the lowest total since 2001; and, contractors in many parts of the country are having a hard time finding enough qualified workers.

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Late-2014 figures track positively trending construction market

Sources: Associated General Contractors of America, Washington, D.C.; CP staff

Analyzing new federal government data on construction spending through November, AGC confirms that overall 2014 project activity was set to modestly outpace 2013 totals. Figures released January 2 coincide with association members’ push for action on a series of federal infrastructure programs, including funding for highway and transit upgrades, plus clean water initiatives.

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Late-2014 figures track positively trending construction market

Sources: Associated General Contractors of America, Washington, D.C.; CP staff

Analyzing new federal government data on construction spending through November, AGC confirms that overall 2014 project activity was set to modestly outpace 2013 totals. Figures released January 2 coincide with association members’ push for action on a series of federal infrastructure programs, including funding for highway and transit upgrades, plus clean water initiatives.

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AGC: Construction unemployment drops to seven-year low

Source: Associated General Contractors of America, Washington, D.C.

Construction employers added 16,000 jobs last month as sector unemployment fell to 7 percent, the lowest rate for September since 2007, according to an AGC analysis of monthly employment figures the U.S. Bureau of Labor Statistics released October 3.

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AGC economist cautious as construction employment hits six-year high

Construction employers added 6,000 workers in May as the industry’s unemployment rate dropped to 8.6 percent, its lowest mid-spring level in six years, according to an Associated General Contractors of America analysis of federal government data.

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Spot labor shortages surface as construction unemployment figures slide

Sources: Associated General Contractors of America, Washington, D.C.; CP staff

Sustaining momentum from April and May, construction employers added 6,000 workers to payrolls in June as the industry’s unemployment rate dropped to 8.2 percent, its lowest level for the month in six years, according to an AGC analysis of new government data.

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AGC economist cautious as construction employment hits six-year high

Source: Associated General Contractors of America, Washington, D.C.

Construction employers added 6,000 workers last month as the industryʼs unemployment rate dropped to 8.6 percent, its lowest May level in six years, according to an AGC analysis of new government data. Tempering its response, the group notes that employment gains remain spotty and thousands of highway construction jobs are at risk due to federal funding uncertainties.

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Top A/E/C groups pinpoint resilient-project planning, materials

Top A/E/C groups pinpoint resilient-project planning, materials

Design and construction industry leaders, along with building owners and operators, have pledged to promote resilience in contemporary planning, building materials, design, construction and operational techniques as the solution to making the nation’s aging infrastructure more safe and secure.

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AGC backs new Internet domain: .build

Source: Associated General Contractors of America, Washington, D.C.

AGC and the proprietor of a new namespace recently created by ICANN, the controlling authority for the Internet, have announced a joint initiative to provide .build domain names focused on the construction industry. The .build name is one of several new top level domains launching in 2014 that provide an opportunity for companies to improve their web presence and internet marketing through addresses other than the generic .com.

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