Economic Trends That Signal a Strong Construction Economy Ahead

by Pierre G. Villere I want to expand on my thinking in last month’s column, and start by dispelling what I am being asked about often these days: Will the construction economy stay strong? The answer is a resounding yes, and it will not experience a slowdown anytime soon. So there. There are too many positive indicators that signal a…

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Building Trades chief unloads on White House policy’s effect on rank-and-file

Sources: North America’s Building Trades Unions (NABTU), Washington, D.C.; CP staff

In one of the harshest assessments an organized labor official has offered on White House decisions affecting construction employment, NABTU President Sean McGarvey characterized the political nature of President Obama’s Keystone XL pipeline action as “insidiously craven.”

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Trades Talent Dearth Tempers Strong Construction Employment Figures

An Associated General Contractors of America 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, while 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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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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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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