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.
Via Twitter / Associated General Contractors / April 2, 2015Read More
Robert Dietz / Eye on Housing Blog / April 7, 2015
The number of open, unfilled construction sector positions increased noticeably in February. Overall, the construction labor market has been characterized by relatively higher levels of turnover over the last few months, with an increase in hiring and quits at the end of 2014 and an upward trend in job openings.
According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs for February (on a seasonally adjusted basis) increased to 166,000 from an upwardly revised count of 137,000 in January.
The February 2015Read More
Associated General Contractors / April 3, 2015
Construction declined by 1,000 in March but is still up by 282,000 compared to the prior year, as the sector’s unemployment rate fell to 9.5 percent, according to an analysis by AGC of America. Association officials noted that declining demand for residential and public sector projects offset gains in other areas to contribute to the overall month job losses.
“After 14 months of steady job gains, construction employment suffered in March,” said Ken Simonson, the association’s chief economist. “Except for multifamily construction, home building remains weak and governmentRead More
Associated General Contractors / March 6, 2015
Construction employers added 29,000 jobs in February and 321,000 over the past year, reaching the highest employment total in six years, as the sector’s unemployment rate fell to an eight-year low of 10.6 percent, according to an analysis by the Associated General Contractors of America. Association officials cautioned, however, that construction jobs in the highway and transit sector were at risk because of Washington gridlock.
“Despite challenging weather conditions in much of the country, both the number of workers and their average weekly hours rose last month to the highestRead More
Josh Zumbrun / The Wall Street Journal / March 6, 2015
The U.S. economy added 295,000 jobs in February, the 12th straight month where job gains surpassed 200,000. That adds up to 3.3 million net new jobs, the best yearlong period of job gains in nearly 15 years.
The headline jobless rate declined to 5.5%, the lowest since May 2008 and down from 5.7% in January. Measures of unemployment that include discouraged workers and marginally attached workers also declined. The broadest measure of underemployment, which also includes part-time workers who would like full-time work, declined to 11%, from 11.3% last month.Read More