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Friday, April 26, 2013 10:39 AM
Evidence that the nation’s economy is being fueled by consumer purchases, nonresidential fixed investment grew 2.1 percent in the first quarter of this year, with 3 percent growth in equipment and software investments partially offset by a 0.3 percent decrease in investment in structures, according to April 26 report by the Commerce Department on gross domestic product (GDP).
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Wednesday, April 24, 2013 1:05 PM
Associated Builders and Contractors (ABC) today celebrated a victory after the U.S. Department of Labor (DOL) awarded Eckman Construction Company a $31.6 million contract to build a DOL Job Corps Center in Manchester, N.H., after removing a controversial government-mandated project labor agreement (PLA) from the federal project’s solicitation for construction services. Eckman Construction Company, Bedford N.H., submitted a bid that was more than $6 million below the lowest offer when the project was subjected to a PLA.
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Tuesday, April 16, 2013 9:49 AM
Associated Builders and Contractors (ABC) today issued the following statement in response to the U.S. Senate introduction of immigration reform legislation: “We congratulate the senators on taking this important first step toward fixing our broken immigration system in the United States,” said ABC Vice President of Federal Affairs Geoff Burr.
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Friday, April 12, 2013 11:57 AM
National construction materials prices were flat in March and are 0.9 percent higher year over year, according to the Labor Department’s April 12 Producer Price Index report. Nonresidential construction materials prices slipped 0.2 percent for the month, but are up 0.2 percent compared to one year ago.
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Tuesday, April 9, 2013 3:53 PM
Associated Builders and Contractors (ABC) today criticized President Obama’s renomination of Mark Pearce to the National Labor Relations Board (NLRB) as a move to promote the narrow policy goals of politically powerful labor unions.
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Friday, April 5, 2013 12:48 PM
The construction industry unemployment rate fell to 14.7 percent in March, down from 15.7 percent in February, according to the April 5 employment report by the U.S. Department of Labor. The nation added 18,000 new construction jobs in March. Year-over-year, the construction industry workforce has expanded by 2.9 percent, or 162,000 jobs.
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Monday, April 1, 2013 12:44 PM
As a sign of an improving economy, the nation’s nonresidential construction spending rose 0.7 percent in February, according to the April 1 construction spending report by the U.S. Commerce Department. Total nonresidential construction spending presently stands at $575.6 billion on a seasonally adjusted annualized basis, and is up 2.6 percent from one year ago.
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Friday, March 22, 2013 3:15 PM
On the eve of the third anniversary of the Patient Protection and Affordable Care Act (PPACA), Associated Builders and Contractors (ABC) today said the health care law continues to create uncertainty and confusion in the construction industry, making it difficult for the nation’s contractors to plan for the future.
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Thursday, March 14, 2013 3:39 PM
The nation’s construction material prices rose 1.3 percent in February—marking the sharpest increase in 22 months, according to the March 14 Producer Price Index (PPI) report by the U.S. Department of Labor. Overall, construction materials prices remain 2 percent higher than one year ago. Nonresidential construction materials prices rose 1.4 percent last month, and are up 1 percent on a year-over-year basis.
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Tuesday, March 12, 2013 10:38 AM
The construction industry added 48,000 jobs in February—the largest monthly increase since March 2007. Year over year, the industry has added 140,000 jobs, or 2.5 percent, according to the March 8 employment report by the U.S. Labor Department. The construction industry unemployment rate declined to 15.7 percent in February, down from 16.1 percent the previous month and down from 17.1 percent from one year ago.
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