Posts Tagged ‘job’
Monday, October 16th, 2017
Article source: ConstructConnect
The percentage levels and changes in Table 1 are based on the Census Bureau’s seasonally-adjusted (SA) August 2017 and earlier put-in-place construction statistics. ‘Put-in-place’ as a concept is meant to mirror work-in-process or progress payments as projects proceed.
For each type-of-structure, Table 1 takes the behind-the-scenes put-in-place data and compares the percentage changes of latest-12-months-over-previous-12-months versus latest-three-months-over-previous-three-months (annualized).
If the three-month percent change exceeds the 12-month percent change, then construction activity in that type-of-structure category is considered to be speeding up. A check mark is entered in the far right column. (If the opposite is occurring, a check mark is entered in the ‘slowing down’ column.)
If a type-of-structure category has a latest 3-month percent-change that is negative, but less negative, than its 12-month percent-change, such a circumstance is also considered to be an instance of ‘speeding up’ and warrants a check mark in the right-hand column. (Or, if it’s turning more negative, then it’s ‘slowing down’ further.)
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Tags: Alex Carrick, architect, build, construct, ConstructConnect, Economic, Economist, job
Comments Off on 2 Leading Monitors of U.S. Construction Activity, 1 Public and 1 Private – Early Fall 2017
Friday, October 13th, 2017
Article source: ConstructConnect
August’s Employment Situation report from the Bureau of Labor Statistics (BLS) records a month-to-month increase in U.S. total employment of +156,000.
The +156,000 figure is a little weaker than the seven-month average so far this year of +176,000.
Furthermore, this year’s January-through-August average of +176,000 is -9.2% compared with the +194,000 number for the same time frame last year.
Just the same, +150,000 or more is a benchmark that defines when a jobs report should be greeted with warmth.
The nation’s unemployment rate in August eased back a little to 4.4% from 4.3% in July.
Goods production contributed more towards the total jobs increase in August than is normally the case. Mining, forestry, construction and manufacturing combined for a +70,000 month-to-month jobs gain, or nearly 50% of the +156,000 total.
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Tags: Alex Carrick, ConstructConnect, Economist, Economy, Harvey, Hurricane, job, job report
Comments Off on Average U.S. August Jobs Report Takes Back Seat to Hurricane Harvey
Wednesday, October 11th, 2017
Article source: ConstructConnect
The Bureau of Labor Statistics (BLS) has just delivered a ‘sit up and pay attention’ moment. Its September Employment Situation report records a month-to-month deterioration (-33,000) in the total number of U.S. jobs for the first time in seven years, dating back to September 2010 (-52,000).
Before economy watchers start gnashing their teeth or bemoaning too loudly, the BLS is quick to point out that there was a special circumstance – horrific weather – that caused the employment downfall.
The jobs numbers are derived from a survey of payrolls. Employees in Texas and Florida who missed receiving paychecks early in September due to the fierce onslaughts of Hurricanes Harvey and Irma were accorded out-of-work status.
Hence, September’s jobs numbers fell prey to two unique but in many way twin events. There will almost certainly be distortions in October’s numbers as well, but in the opposite direction, as rebuilding rebound effects come into play. (more…)
Tags: Alex Carrick, architect, build, ContructConnect, Economist, job
Comments Off on U.S. September Jobs Report Delivers a ‘Sit Up and Pay Attention’ Moment
Tuesday, June 20th, 2017
Article source: ConstructConnect
ConstructConnect announced today that May construction starts, excluding residential activity, were +5% versus April. The modest rise fell a little short of the usual percentage change between April and May, due to seasonality, of +8%.
Versus May of last year, nonresidential starts in the fifth month of this year were +2.0%.
Compared with January through May of last year, the year-to-date volume of starts in 2017 has been +1.9%.
The starts figures throughout this report are not seasonally adjusted (NSA). Nor are they altered for inflation. They are expressed in what are termed ‘current’ as opposed to ‘constant’ dollars.
‘Nonresidential building’ plus ‘engineering/civil’ work accounts for a considerably larger share of total construction than residential activity. The former’s combined proportion of total put-in-place construction in the Census Bureau’s April report was 56%; the latter’s was 44%.
ConstructConnect’s construction starts are leading indicators for the Census Bureau’s capital investment or put-in-place series. Also, the reporting period for starts (i.e., May 2017) is one month ahead of the reporting period for the investment series (i.e., April 2017.)
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Tags: Alex Carrick, architect, build, Connect, construct, Economic, Economist, home, house, job, market
Comments Off on ConstructConnect’s YTD Starts +2% after May’s Rise of +5%
Friday, June 16th, 2017
Article source: ConstructConnect
The accompanying table records the top 10 project starts in the U.S. for May 2017.
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 jobsite 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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Tags: Alex Carrick, architect, build, Connect, construct, ConstructConnect, Economic, Economist, home, house, job
Comments Off on Top 10 Project Starts in the U.S. – May 2017
Tuesday, June 13th, 2017
Article source: ConstructConnect
Clichés are often true and it is the case that a picture can be worth a thousand words.
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. (more…)
Tags: Alex Carrick, architect, build, ConstructConnect, Contruct, Economic, Economist, house, job, market
Comments Off on Nonresidential Construction Starts Trend Graphs – May 2017
Friday, April 21st, 2017
Article source: ConstructConnect
The accompanying table records the top 10 project starts in the U.S. for March 2017.
(more…)
Tags: Alex Carrick, architect, build, construct, ConstructConnect, Economic, Economist, house, Industry, job, nonresidential, residential
Comments Off on Top 10 Project Starts in the U.S. – March 2017
Wednesday, April 19th, 2017
Article source: ConstructConnect
ConstructConnect announced today that March construction starts, excluding residential activity, were +17.8 versus February. The long-term February-to-March advance, due to seasonality, has been only +2.5%. It’s usually not until April that more accommodating weather causes a big lift in volume of about +12.0%. Spring has apparently come early for groundbreakings this year.
2017-04-18-US-Nonresidential-Construction-Starts-Mar-2017
March 2017 versus what was an exceptionally buoyant March 2016 did not fare as well, -5.9%. And year-to-date starts (Q1 2017) have been -5.1% versus January-to-March of last year.
The starts figures throughout this report are not seasonally adjusted (NSA). Nor are they altered for inflation. They are expressed in what are termed ‘current’ as opposed to ‘constant’ dollars.
‘Nonresidential building’ plus ‘engineering/civil’ work accounts for a considerably larger share of total construction than residential activity. The former’s combined proportion of total put-in-place construction in the Census Bureau’s February report was 60%; the latter’s was 40%.
ConstructConnect’s construction starts are leading indicators for the Census Bureau’s capital investment or put-in-place series. Also, the reporting period for starts (i.e., March 2017) is one month ahead of the reporting period for the investment series (i.e., February 2017.)
View this information as an infographic.
(more…)
Tags: AEC, Alex Carrick, alexcarrick, architect, build, construct, ConstructConnect, Economic, Economist, Housing, job
Comments Off on Springy Bounce in ConstructConnect’s March Starts, +18%
Tuesday, March 21st, 2017
Article source: ConstructConnect
The accompanying table records the top 10 project starts in the U.S. for February 2017.
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 jobsite work actually gets underway. And, as showcase projects, they highlight geographically where major construction projects are proceeding.
(more…)
Tags: Alex Carrick, architect, construct, ConstructConnect, Economist, house, job
Comments Off on Top 10 Project Starts in the U.S. – February 2017
Monday, March 20th, 2017
Article source: ConstructConnect
Clichés are often true and it is the case that a picture can be worth a thousand words.
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…)
Tags: Alex Carrick, architect, construct, ConstructConnect, Economist, house, job
Comments Off on Nonresidential Construction Starts Trend Graphs – February 2017
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