Construction spending totaled $1.280 trillion at a seasonally adjusted annual rate in January, up 1.3% from the downwardly revised December estimate and up just 0.3% year-over-year (y/y) from January 2018, the Census Bureau
The Boise State University Construction Management department recently took 5 teams, 39 students, to Sparks, Nevada for the 2019 annual Associated Schools of Construction (ASC) student competition. Each team had a wide array of students in terms of industry experience and education level. Boise State teams competed in the Heavy Civil, Design Build, Commercial, Concrete Solutions, Project Management, and Alternates competitions.
The producer price index (PPI) for final demand in January, not seasonally adjusted, increased 0.6% from December and 4.9% year-over-year (y/y) from January 2018, the Bureau of Labor Statistics (BLS) reported
Nonfarm payroll employment in January increased by 304,000, seasonally adjusted, from December and by 2,807,000 (1.9%) year-over-year (y/y) from January 2018, the Bureau of Labor Statistics (BLS) reported today. The unemployment rate, 4.0%, increased slightly from December (3.9%) but decreased slightly from January 2018 (4.1%).
The partial federal government shutdown that began on December 22 ended on Friday. Only a few contractors had reported being affected by not receiving authorizations, permits or funding; specifically, for low-income housing, bridges and Small Business Administration loans. However, the reopening of agencies does not guarantee that applications will be acted on immediately.
Seasonally adjusted construction employment rose year-over-year (y/y) from December 2017 to December 2018 in 43 states and the District of Columbia, declined in six states and was unchanged in Mississippi, an AGC