As I sit down to write this, the presidential election has not taken place yet, but we can be assured of one thing: When you read this, we will have a new President-Elect. And that election will have very little effect on our companies, our customers, and our vendors, as daily life will go on, and we will continue to…
Read MoreTag: Gross Domestic Product
Some of the Experts Keep Getting it Wrong
Some of the brightest minds in the economic research area are on Wall Street, working for either major investment banks or business news services with a global following. As recently as a couple of weeks ago, they were issuing research that warned of a slowdown coming in the economy: one began their note by saying that after having boomed its…
Read MoreAn Overview Of The Labor Shortage
by Pierre G. Villere As we were going to press this month, all eyes in the human resources world were on the continuing labor shortages; a news story that went viral reported that a Burger King restaurant in Latrobe, Pa. had hung out a banner offering a $1,500 signing bonus, which was later clarified when management explained it was for…
Read MoreTransportation construction report shows industry scale, net economic activity
Sources: American Road and Transportation Builders Association, Washington, D.C.; CP staff
In “The 2015 U.S. Transportation Construction Industry Profile,” ARTBA Chief Economist Dr. Alison Premo Black estimates the value of 2015 public and private transportation construction and maintenance work at upwards of $275 billion, an investment generating nearly $510 billion in annual U.S. economic activity and accounting for 1.6 percent of Gross Domestic Product.
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