DCN-JOC News Services April 4, 2024 ARLINGTON, VA. — Total U.S. construction spending declined from January to February to an annual rate of nearly $2.1 trillion, but all categories posted year-over-year gains, according to an analysis of a new government report that the Associated General Contractors of America released April 1. Association officials suggested in…

Historic GSA investment through the Inflation Reduction Act will fund 150 low-carbon materials projects in communities nationwide Announcement advances Biden-Harris Administration’s Buy Clean Initiative, under which the federal government is, for the first time, prioritizing the purchase of cleaner industrial materials TOPEKA – The U.S. General Services Administration (GSA) today announced a $2 billion investment…

By Metal Miner – Feb 08, 2024, 2:00 PM CST The Construction MMI (Monthly Metals Index) moved in a relatively sideways trend. Steel prices continuing to flatten out, along with bar fuel surcharges dipping in price, kept the index from breaking out of the sideways movement we’ve witnessed since December. As the index enters 2024,…

WASHINGTON, Jan. 31—The construction industry will need to attract an estimated 501,000 additional workers on top of the normal pace of hiring in 2024 to meet the demand for labor, according to a proprietary model developed by Associated Builders and Contractors. In 2025, the industry will need to bring in nearly 454,000 new workers on…

Foreign-born workers are helping make up for the ongoing construction industry labor shortage Immigrants are helping make up for the labor shortage that has plagued the construction industry since the onset of the pandemic, according to a new analysis from the National Association of Home Builders (NAHB). Foreign-born US workers composed a record 25% of…

Wrapping up a year in the wake of the recently concluded COP28 UN climate summit that resulted in, well, mild levels of agreement on the role of fossil fuels, it is possible to sense a slightly increased urgency toward this most pressing planetary issue on a high-minded diplomatic level. As we’re quickly approaching the quarter…

Rising wages and plentiful jobs have kept employees’ spirits high, but watch for signs of discontent, a new report says. Dive Brief: The construction industry tops a list of sectors with the happiest workforces, according to a new report from Bamboo HR. The human resources tech company measured the Employee Net Promoter Score at over…

Both residential and nonresidential construction employment were up in June. The Bureau of Labor Statistics (BLS) reported that nonfarm payrolls climbed by a seasonally adjusted 209,000 in June, falling below economists’ expectations. The unemployment rate fell to 3.6%, while the average hourly earnings rose 4.4% on a year-over-year (y/y) basis, up from 4.3% y/y in…

The job market has cooled over the summer WASHINGTON — The job market has cooled over the summer. But it’s still strong enough to defy predictions that higher interest rates would tip the United States into recession. U.S. employers added 187,000 jobs last month, fewer than expected. But the unemployment rate dipped to 3.5% in a…

More companies resorted to layoffs last month as soft demand pushed manufacturers to cut costs. The U.S. manufacturing industry sank to new lows last month, as companies continued to struggle with soft demand. ISM’s Purchasing Managers’ Index registered a 12-month low of 46% in June, as anxieties grow that the U.S. is headed for a recession…