News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Associated General Contractors / April 9, 2014
Construction employment expanded in 175 metro areas, declined in 106 and was stagnant in 58 between February 2013 and February 2014, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted, however, that despite the gains construction employment remained below peak levels in all but 19 metro areas.
“It is encouraging that contractors added workers in so many locations despite severe weather that delayed some project starts,” said Ken Simonson, the association’s chief economist.Read More
Associated Builders and Contractors / March 7, 2014
The U.S. nonresidential construction industry gained just 400 jobs in February, according to the March 7 employment report by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS). The construction industry as a whole added only 15,000 jobs for the month, with the vast majority of new jobs coming from residential construction. The construction unemployment rate expanded to 12.8 percent in February from 12.3 percent in January (non-seasonally adjusted).
The underwhelming jobs number is particularly disappointing given the encouraging 26,600 jobs (revised) the segmentRead More
Associated General Contractors
Construction employers added 15,000 workers to payrolls in February despite harsh winter working conditions, raising industry employment to the highest level since June 2009, according to an analysis of new government data by the Associated General Contractors of America. However, association officials noted that as the industry adds jobs many firms report they are already having a hard time finding skilled workers.
“The rate of construction hiring has outpaced job growth in the overall economy for the past year,” said Ken Simonson, the association’s chief economist.Read More
Michelle Obama / Wall Street Journal / February 10, 2014
On Monday, more than 100 construction companies—many of whom are direct competitors—came together to announce that they plan to hire more than 100,000 veterans within the next five years. They made this commitment not just because it’s the patriotic thing to do, and not just because they want to repay our veterans for their service to our country, but because these companies know that it’s the smart thing to do for their businesses.
As one construction industry executive put it, “Veterans are invaluable to the construction industry. Men and women who serve in the militaryRead More
AGC of America / November 22, 2013
Construction employment increased in 39 states over the past 12 months, the most widespread gains since April 2012, according to an analysis of data from the U.S. Department of Labor, conducted by Associated General Contractors of America. Association officials said action on needed infrastructure investments for water and transportation projects would help support continued employment growth for the industry.
“It is encouraging that three-quarters of the states are now adding construction jobs on a year-over-year basis,” said Ken Simonson, the association’s chief economist.Read More