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Archive for the ‘ConstructConnect’ Category

Canada’s Jobs Picture Improved Modestly in November

Tuesday, December 6th, 2016

Article source: ConstructConnect

Canadian total employment in November rose by 11,000 jobs, according to the latest Labour Force Survey from Statistics Canada, marking a slowdown from the three prior months: October, +44,000; September, +67,000; and August, +27,000. July’s change was -32,000 jobs.

From January through November of last year, the average month-to-month gain in total employment in Canada was +12,000. For the same time frame this year, there has been an improvement to +15,000. If the economy were performing better, a figure closer to +20,000 per month would be expected.

The national unemployment rate dropped to 6.8% in the latest month from 7.0% in October. The decline is explained by a lower participation rate, which fell from 65.8% to 65.6%. In other words, a smaller percentage of the labour force was looking for work in November than in the month before.

There are some interesting differences in unemployment rates according to demographic groupings.

For all workers aged 25 to 54, the current jobless rate is lower for women (5.2%) than for men (6.3%).

For older individuals, − i.e., those aged 55-plus − the jobless-rate advantage held by women over men is even more pronounced, 4.7% compared with 6.6%.

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With Few Exceptions, U.S. Construction Material Costs Continue to Speak Softly

Thursday, September 1st, 2016

Article source: ConstructConnect

Table 1 accompanying this article sets out U.S. price movements for numerous construction materials from a variety of time markers in the past to the present (i.e., July 2016).

The data comes from the Producer Price Index (PPI) series calculated and published by the Bureau of Labor Statistics (BLS).

Graphs showing the history of the behind-the-scenes index figures on which the percentage changes in Table 1 are based also appear below.

Some of Table 1’s most significant shifts have been as follows.

The charge for softwood lumber in July of this year was +7.8% compared with six months earlier, but it was a more modest +3.0% when set next to July of 2015.
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Top 10 Largest Construction Project Starts in the U.S. – July 2016

Thursday, August 18th, 2016

Article source: ConstructConnect

The accompanying table records the 10 largest construction project starts in the U.S. in July 2016.

There are several reasons for highlighting upcoming large projects. Such jobs have often received a fair amount of media coverage. Therefore, people in the industry are on the lookout for when job-site work actually gets underway. And, as showcase projects, they highlight geographically where major construction projects are proceeding.

Also, total construction activity is comprised of many small and medium-sized projects and a limited number of large developments. But the largest projects, simply by their nature, can dramatically affect total dollar and square footage volumes. In other words, the timing and size of these projects have an exaggerated influence on market forecasts.
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Nonresidential Construction Starts Trend Graphs – July 2016

Wednesday, August 17th, 2016

Article source: ConstructConnect

Below are six graphs recording 12-month moving averages of ConstructConnect’s nonresidential construction starts.

When the value of the current month is higher than for the same month a year ago, the line will turn up; when lower, it will dip.

String a couple of similar positive or negative directional changes together over several months and one has a trend.

And that’s what the graphs are designed to do, show improving or deteriorating trends in a dozen major and more granular categories of construction work.

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Nonresidential Construction Starts Trend Graphs – June 2016

Saturday, July 16th, 2016

Article source: ConstructConnect

Nonresidential Construction Starts Trend Graphs – June 2016 – ConstructConnect.com

Below are six graphs recording 12-month moving averages of ConstructConnect ’s nonresidential construction starts.

When the value of the current month is higher than for the same month a year ago, the line will turn up; when lower, it will dip.

String a couple of similar positive or negative directional changes together over several months and one has a trend.
(more…)

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