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.
Joel Kotkin and Mark Schill / new geography / September 4, 2013
The world’s biggest and most dynamic economy derives its strength and resilience from its geographic diversity. Economically, at least, America is not a single country. It is a collection of seven nations and three quasi-independent city-states, each with its own tastes, proclivities, resources and problems. These nations compete with one another – the Great Lakes loses factories to the Southeast, and talent flees the brutal winters and high taxes of the city-state New York for gentler climes – but, more important, they develop synergies, albeit unintentionally. Wealth generatedRead More
Greig O'Brien / ARCHITECT / September 5, 2013
ADP and Moody’s Analytics released their August employment report, which shows continued, steady job growth nationwide.
It appears that August will continue the steady job growth seen over the last couple of months. ADP and their partner, Moody’s Analytics, released their August employment report today, which showed that the economy added 176,000 jobs last month. This was down from July’s initially reported 200,000, but is still higher than the lull we saw this past spring.
July’s numbers were also revised down by 2,000 jobs (to 198,000 jobs added), making lastRead More
John Caulfield / BUILDER / August 7, 2013
Billions of dollars and thousands of domestic jobs are lost annually as product knockoffs, mostly from China, continue to stream into North America.
Most contractors probably have a torpedo level in their toolboxes, but fewer can be certain about that tool’s provenance or quality.
The mention of torpedo levels isn’t random. A leading supplier, Wisconsin-based Empire Level, has been stepping up its efforts to thwart the perennial problem of counterfeits coming into the U.S. from Asia and primarily China.
Illegal knockoffs of tools and just about every other product these days—consumerRead More
Ben Casselman / The Wall Street Journal / August 6, 2013
It’s getting easier for unemployed workers to find jobs. Whether they’re good jobs is another question.
There were 2.99 job seekers for every open job in June, the Labor Department said Tuesday, the first time the ratio has dropped below three since October 2008. Unemployed workers still have it a lot harder than in the mid-2000s, when there were consistently fewer than two workers per opening, but their prospects are far better than in the depths of the recession, when there were more than six job seekers for every job.
July data won’t be available for another month, but it likely showedRead More
Robert Dietz / NAHB / August 6, 2013
New government employment data indicate that the June count of construction sector job openings was the highest total since May 2008. While the increase in unfilled positions is consistent with the uptick in construction sector activity, particularly for home building, the data reflect only modest increases in total employment thus far. The rising count of open positions is thus consistent with reports of local labor shortages.
For the construction sector, Job Openings and Labor Turnover Survey (JOLTS) data from the Bureau of Labor Statistics (BLS) indicate that gross hiring declined,Read More