Open side-bar Menu
 The AEC Lens

Posts Tagged ‘employment’

Washington Sets the Pace in Northern Atlantic Region

Thursday, July 21st, 2016

Article source: ConstructConnect

The accompanying tables rank seven major cities along America’s northern Atlantic coastline according to eight demographic and economic criteria. In the ‘overall’ listing that appears at the end of this article, Washington comes out best and Philadelphia worst. To reach those conclusions, however, it has been necessary to journey through the following data sets.

Population size: It’s no surprise that New York (20.2 million) is number one in terms of population size. Washington and Philadelphia (both with 6.1 million) are virtually tied for second. Across the U.S. as a whole, the population of Los Angeles (13.3 million) is not as big a step back from ‘The Big Apple’ as one might suppose.

Population change: With respect to population change, measured as the average annual growth rate over the latest two years for which statistics are available, Washington (+1.12%) is on top, followed by Richmond (+1.00%). New York (+0.47%) is in the middle and Philadelphia (+0.28%) and Providence (+0.25%) are barely making any headway at all.

Housing Starts: Residential building permits, as compiled by the Census Bureau and readily made available at the website of the National Association of Home Builders (NAHB), serve as the equivalent of new home starts for cities in the U.S. Through May of this year, New York (14,582 units) has been the leader in the number of residential building permits issued. Washington (10,937) has placed second. Providence hasn’t even exceeded 1,000-units.

April Jobs Reports U.S. and Canada – “Move Along, Please. Not Much Happening Here”

Tuesday, May 10th, 2016

Article source: CMDGroup


Standing on the periphery of today’s jobs reports from the U.S. and Canada, I feel more like a cop on the beat, when confronted by bystanders at a minor altercation, than an economist.

My gut reaction is to say, “Move along, please. Not much happening here.” But I don’t want to put you off from reading the rest of this article.

In both countries, the unemployment rates stayed the same, 5.0% for America’s economy and 7.1% for Canada’s.

Month-to-month job creation in the U.S. was a decent enough 160,000, but it was below the 200,000 benchmark that gets everyone at least a little excited.

The last time the month-to-month increase in employment was as low occurred in September of last year (149,000), although January of this year wasn’t that much better (168,000).

Our expectations may have become slightly overblown, after February and March figures of +233,000 and +208,000 respectively.

2016’s monthly average gain in jobs through April, at +192,000, has now dropped by 6.3% compared with the same first four months of 2015, at +205,000.

The latest month-to-month employment increase for the services sector (+174,000) was actually greater than for the economy as whole. Therefore, goods-production must have acted as a drag on payrolls and indeed that was the case. The workforce in ‘mining and logging’ was downsized by 8,000 positions.


By No Means is it the Same Old World (Part 1)

Wednesday, May 4th, 2016

Article source: CMDGroup

I’m writing this article on May 1, but it’s not an April Fools’ joke. Sure, there have been other times in world history, during war or plague, when turmoil has been so intense as to test, to the limits and beyond, the fortitude of mankind and womankind.

Still, I’m not sure humanity has ever before been on the cusp of so many changes that are already, or are on the verge of, shaking up the ways in which we live and interact with one another; and govern our economic and social affairs; and inspire dreams about really and truly astonishing futures.

The notion for writing this article first came to mind on account of six or so major trends that I’m always mulling over when I write about the economy and the construction sector. Upon deeper reflection, the number of discernible seismic shifts quickly expanded to a dozen.

There may well be more. Feel free to contact me if you believe I’ve failed to mention something equally or more important.

The following 12 sections have also been inspired by the question I’m always asking myself and which I know is of prime concern to you as well. What will be the implications for the construction sector?

U.S. and Canadian City Long-term Home Start Trends – Proxy for Vitality Part 1

Wednesday, April 13th, 2016

Article source: CMDGroup

While practicing the ‘art’ of economics, sometimes the statistics just fall into your lap.

For example, heading into 2016, it was the consensus opinion among analysts that Ontario and British Columbia would have the best upcoming growth performances among Canada’s ten provinces.

Consequently, there were grins from ear to ear among my fraternity when March’s Labour Force Survey from Statistics Canada showed Ontario with the largest year-over-year increase in jobs at +86,000, with British Columbia not far behind, at +72,000.

No other province was even close. In fact, the sum of Ontario and B.C., at +152,000, was greater than for the country as a whole, +130,000.

The material in this current Economy at a Glance continues in a similar vein. I’ve graphed the relatively long-term history of housing starts, from 1980 to the present, for the major cities in the U.S. and Canada and allowed Microsoft’s Excel to add a trend line.


A Great Canada Jobs Report for March but Head Scratchers Galore

Friday, April 8th, 2016

Article source: CMDGroup

There’s going to be a lot of cheering about Canada’s March labour market numbers as reported by Statistics Canada. The latest Labour Force Survey shows a month-to-month pick-up in total employment of 41,000 positions and a jobless rate that fell 0.2 percentage points to 7.1% from 7.3% in February.

Furthermore, most of the overall jobs increase (+35,000) occurred in the usually more stable and higher-paying, and thus better quality, full-time category of work as opposed to part-time (+6,000) activities.

Plus, all the boost to employment was provided by the private sector (+65,000), as the public sector downsized slightly (-2,000). Self-employment (-22,000) staged a significant retreat.

Still, there were some real oddities in the rest of the figures.

U.S. Economy Adds Nearly One-quarter of a Million Jobs in February

Monday, March 7th, 2016

Article source: CMDGroup

A significant milestone has just been reached in the U.S. labor market. For the latest week ending February 27th, America’s initial jobless claims figure was less than 300,000 for the 52nd week in a row.


That’s a whole year of strong success in keeping the number of people newly unemployed quite low. (In the Great Recession of 2008-2009, the number topped off at 670,000.)


Falling below their 300,000 benchmark level, rosy initial jobless claims automatically imply encouraging news from the Employment Situation Report published by the Bureau of Labor Statistics (BLS).


The BLS has just reported that in February, the total number of jobs in the U.S. rose by 242,000, where a gain of 200,000 or more is considered bullish.


The national unemployment rate stayed below 5.0% at 4.9%, the same as in January. A year ago, it had been 5.5%.


In another positive sign, the proportion of working-age people who actively sought employment in February moved a little higher, to 62.9%. This measure is called the ‘participation rate’ and it usually picks up when job prospects are good.


(On the flip side, when job prospects are abysmal, people stop looking for work and the result is a ‘discouraged worker’ effect.)


October’s Jobs Report: Terrific for U.S.; Maybe Marvelous for Canada

Friday, November 6th, 2015

Article source: CMDGroup

There were worries after the issuance of labor market reports for August and September that indicated month-to-month job creation in the U.S. was slowing to +150,000 or less.

October’s data from the Bureau of Labor Statistics (BLS) sends those clouds scurrying away.

The BLS says the latest net increase in jobs was +271,000, the greatest gain in any month so far this year. It lifts the average in 2015, with only November and December still remaining, to +206,000.

While 2014’s monthly average, January to October, was somewhat faster, at +236,000, a figure of +200,000 or higher warrants an enthusiastic response.

America’s jobless rate now sits at 5.0%, a marginal decline from September’s 5.1%, but more significantly down versus October 2014’s 5.7%.

Unless some other statistics on the U.S. economy (e.g., retail trade) come in far worse than expected, the Federal Reserve will now almost assuredly begin to take action on interest rates at the December meeting of its Open Market Committee (FOMC).


Mild Turbulence in U.S. and Canadian Labor Markets

Friday, October 16th, 2015

Article source: CMDGroup

It’s not rocket science. There are a few key benchmarks to be aware of concerning U.S. and Canadian labor markets.

For the U.S. economy, a net jobs gain of 170,000 in any given month will be viewed as acceptable by most economists, analysts and pundits.

If the figure climbs to 200,000 or higher, their mood will elevate into a range from happy to ecstatic.

Below 170,000, doubts creep in. That’s why the Department of Labor’s September number of +143,000, combined with a downward revision of August’s level to +136,000, was met with such alarm, at first.

Stock markets reacted negatively to the news. But then another train of thought took over.

GRAPHISOFT: ARCHICAD download 30-day FREE trial
Bentley: YII 2016
TurboCAD pro : Start at $299 - Countless CAD add-ons, plug-ins and more.

Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy