Posted on Thursday, May 7, 2015 8:50 AM By Jeff Leieritz
March, as is to be expected, provided better weather than February, though some parts of the country were hit with severe storms, including spring snow storms. This resulted in a monthly decrease in the March not seasonally adjusted (NSA) construction unemployment rate for the country and in the estimated construction unemployment rates for 43 states.
Posted on Wednesday, April 8, 2015 8:34 AM By Jeff Leieritz
Bad weather often typifies February across much of the country and this February’s weather was particularly harsh. The not seasonally adjusted (NSA) construction unemployment rate for the country often peaks around February and the nation appears to be on track for that pattern this year. The February construction unemployment rate for the country along with estimated rates for 34 states increased over their respective January rates.
Posted on Tuesday, April 7, 2015 4:12 PM By Jeff Leieritz
Measuring employment and unemployment would seem to be straightforward. However, it turns out to be a little more complicated than it first appears. The Bureau of Labor Statistics (BLS) produces the employment statistics for the United States based on a monthly survey conducted by the Census Bureau known as the Current Population Survey (CPS).
Posted on Monday, March 30, 2015 8:03 AM By Jeff Leieritz
The construction industry has shown evidence of recovery and appears to be on a mild upward trajectory despite occasional backsliding. In 2014, construction spending for all the major areas rose faster than the rise in construction costs. Last year also marked the fourth year in a row that construction employment grew and the largest annual advance in construction employment since 2005.
Posted on Friday, March 27, 2015 3:58 PM By Jeff Leieritz
The national construction unemployment rate has generally reflected the fortunes of the construction industry. The national construction unemployment rate fell from 2004 through 2006 then began to rise in 2007 and jumped sharply in 2008 and 2009. Since 2010, there has been a slow, gradual improvement. December’s 8.3% unemployment rate is the lowest December rate since 2005’s 8.2% rate.
Posted on Monday, March 23, 2015 4:08 PM By Kinsey Cooper
From 1997 through 2013 (the latest year for which annual data are available), the value added by the private construction industry as a percentage of national gross domestic product (GDP) declined from a high of 6.14% (in 1997 and 1998) to a low of 3.69% in 2011 and then rose to the still-too-low 3.73% in 2013. Although this is an accurate look at the sector, it understates the impact of the construction industry on the economy.