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
There were 278,000 job openings in construction at the end of November, 24% higher than the year-earlier total of 233,000, and the highest November total in the series' 18-year history, the Bureau of Labor Statistics (BLS) reported on Tuesday in its latest Job Openings and Labor Turnover Survey (JOLTS) release.
Contractors are optimistic, on balance, regarding the volume of work available in 2019 for nonresidential and multifamily construction, based on the 1,312 responses to a survey that AGC released on Wednesday. Respondents were asked whether the available dollar volume of projects they compete for would be higher or lower than in 2018.