A Look at the Pressures on Our Booming Economy

As a firm, we bristle with optimism. Yes, sometimes it gets tempered when things aren’t going so well in our industry or the economy as a whole, but those setbacks tend to be short-lived. Of course, we missed the timing on what turned out to be a painfully long Great Recession, which will go down in the history books as…

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Census population figures confirm Southern states’ momentum

According to the U.S. Census Bureau’s Vintage 2021 national and state population estimates and components of change, the population of the United States grew in the past year by 392,665, or 0.1 percent, the lowest rate since the nation’s founding. The slow rate of growth can be attributed to decreased net international migration, decreased fertility, and increased mortality due in…

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The Direction Of Interest Rates: I Stand Corrected

Last month, I wrote about how the Fed may start tapering the stimulus it has injected into the economy, drastically increasing liquidity against the eruption of the pandemic and the sudden recession it thrust upon the global economy, and the U.S. in particular. While the general tapering of the Fed stimulus won’t have any real impact on our daily business…

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Pandemic measures drive doubling of safety training outlays

Members responding to the Associated Builders and Contractors 2021 Workforce Development Survey invested $1.3 billion last year to provide craft, leadership and safety education to 500,000 course attendees, advancing their careers in commercial and industrial construction. Safety education accounted for 71 percent of the total workforce investment as per-person spending doubled, revealing an elevated focus on total human health during…

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Workforce drug test positivity rates evidence of marijuana consumption

The Covid-19 pandemic did not dampen workforce drug testing positivity for marijuana, which continued to increase last year in the general U.S. workforce, according to a new Quest Diagnostics analysis. Based on 7 million-plus urine drug tests collected between January and December 2020, the overall rate was down only slightly in 2020, 4.4 percent, versus 2019, whose 4.5 percent level…

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