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Construction Job Gains Rose in June, Jobless Rate Picture Mixed

Construction Job Gains Rose in June, Jobless Rate Picture Mixed

From ENR.com. Construction's job gains showed more strength in June than in the previous month but the trends in the industry's unemployment rate varied, the federal Bureau of Labor Statistics has reported. The latest BLS monthly report on the nation's employment picture, released on July 5, showed that construction added 21,000 jobs in June, compared with a revised increase of 5,000 in May.

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Construction association officials voice concerns over tight labor market

Construction association officials voice concerns over tight labor market

From Construction and Demolition Recycling. Construction association officials are raising concerns over higher project costs and increasingly tight labor markets following the latest release of industry employment data. Construction employment increased by 21,000 jobs in June and by 224,000, or 3.2 percent, over the past 12 months, while the number of unemployed job seekers with construction experience fell, according to recent data released by the U.S. Bureau of Labor Statistics.

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May Nonresidential Construction Spending up Compared to 2018 Level

May Nonresidential Construction Spending up Compared to 2018 Level

From forconstructionpros.com. National nonresidential construction spending declined 0.9% in May but saw a 4.4% increase compared to the same time last year.According to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau data, national nonresidential construction spending declined 0.9% in May, totaling $788.5 billion on a seasonally adjusted annualized basis and a 4.4% increase compared to the same time last year. While total public and private nonresidential spending declined 0.9% since April, public spending was up 11.2% and private spending was down 0.1% year over year.

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May Construction Starts Advance 10 Percent

May Construction Starts Advance 10 Percent

From Dodge Data & Analytics. At a seasonally adjusted annual rate of $757.0 billion, new construction starts in May climbed 10% from April, according to Dodge Data & Analytics. The increase continues the double-digit swings that were reported during the previous two months, when a 16% hike for total construction starts in March was followed by a 15% decline in April.

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NDA member GFL Infrastructure adds High Reach Demolition Excavator to its fleet

NDA member GFL Infrastructure adds High Reach Demolition Excavator to its fleet

From equipmentjournal.com. Dozens of people had an opportunity to operate the R 950 and four other Liebherr machines at the National Demolition Association’s Live DEMOlition event at Demolition Rockies 2019 in Aurora, Colorado.

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Construction input prices see slight increase in May

Construction input prices see slight increase in May

From azbigmedia.com. Construction input prices rose slightly by 0.3% in May on a monthly basis and are up 0.6% over the last 12 months, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data released today. Nonresidential input prices were also up 0.3% compared to the previous month and are 1.1% higher than they were a year ago.

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Aging Construction Workforce

Aging Construction Workforce

From eyeonhousing.org. NAHB analysis of the most recent 2017 American Community Survey (ACS) data reveals that the median age of construction workers is 42, a year older than a typical worker in the national labor force. Aging construction workers and the ongoing labor shortage are two major headwinds for home builders and the overall construction industry.

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New bill allocates billions to infrastructure spending

New bill allocates billions to infrastructure spending

From Construction and Demolition Recycling. President Donald Trump signed a package containing $19.1 billion in disaster relief funding June 6, signaling the first bipartisan commitment toward repairing the country’s aging and damaged infrastructure.

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Construction Adds Modest 4,000 Jobs in May

Construction Adds Modest 4,000 Jobs in May

From forconstructionpros.com. The construction industry added 4,000 net new jobs in May, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics data. On a year-over-year basis, construction employment has expanded by 215,000 jobs, an increase of 3%.

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April Construction Starts Retreat 15 Percent

April Construction Starts Retreat 15 Percent

From Dodge Data and Analytics. The value of new construction starts in April fell 15% to a seasonally adjusted annual rate of $685.2 billion, pulling back following the 16% hike that was reported in March, according to Dodge Data & Analytics. Steep declines were registered by two of the three main construction sectors. Nonbuilding construction, which is comprised of public works and electric utilities/gas plants, plunged 31% from its elevated March amount which was lifted by the start of the $4.3 billion Calcasieu Pass liquefied natural gas (LNG) export terminal in Cameron LA. 

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