Articles Tagged with ''economic analysis''

Construction employment increased in 44 states in March from a year earlier, while only 20 states added construction jobs from February to March, according to a new analysis of federal employment data released by the Associated General Contractors of America on April 21.

The construction sector added 23,000 jobs in June while the sector’s unemployment rate fell to the lowest rate ever for the month and pay levels in the industry continued to rise, according to an analysis of new government data the Associated General Contractors of America released today.

Total construction spending in May increased by 0.9 percent from April and 2.4 percent year-over-year, as gains in manufacturing construction and single-family homebuilding offset a downturn in major infrastructure segments, according to an analysis today by the Associated General Contractors of America of new federal data.

Construction employment increased in 230, or 64 percent, of 358 metro areas between May 2022 and May 2023, according to an analysis by the Associated General Contractors of America of new government employment data.

The global drywall and insulation contractor market is expected to grow from $474.33 billion in 2022 to $529.04 billion in 2023 at a compound annual growth rate of 11.5 percent. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short-term.

Construction employment increased in 283, or 79 percent, of 358 metro areas between February 2022 and February 2023, according to an analysis by the Associated General Contractors of America of new government employment data.

Total construction spending decreased by 0.1 percent in February, as declines in single-family homebuilding and public construction outweighed a pickup in private nonresidential construction, according to an analysis by the Associated General Contractors of America April 3 of new federal data.

Total construction spending in April increased by 1.2 percent from March and 7.2 percent year-over-year as widespread gains in nonresidential and multifamily construction spending offset a continuing plunge in single-family homebuilding, according to an analysis June 1 by the Associated General Contractors of America of new federal data.

Construction employment increased in 45 states in February from a year earlier, while 24 states added construction jobs from January to February, according to a new analysis of federal employment data released by the Associated General Contractors of America on March 24.

The construction industry continues to face a skilled labor shortage, with worker scarcity worsening since the beginning of the pandemic, according to Marcum LLP’s annual analysis of the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey.