Nonfarm payroll employment in October increased by 261,000, seasonally adjusted, from September and by 2,004,000 (1.4%) year-over-year (y/y), the Bureau of Labor Statistics (BLS) reported today. The unemployment rate fell to 4.1% from 4.2% in September.
Construction Official Says Proposal Provides a Much-Needed Framework for Reducing Tax Burden on Construction Employers, Urges Congress to Include Infrastructure Funding as Well
The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, released the following statement in reaction to the release today of a Congressional proposal to reform the federal tax code:
Inflation-adjusted gross domestic product (real GDP)—the value of all goods and services produced in the U.S., net of imports—increased 3.0% at a seasonally adjusted annual rate in the third quarter of 2017 (2017Q3), following a 3.1% rise in Q2, the Bureau of Economic Analysis
The Human Resources Construction Council (HRCC) and BYF are now accepting applications for the 2017 HRCC Scholarship.
The scholarship is open to anyone planning to attend or currently attending a technical school or approved craft training program. High school seniors, military service members, veterans and postsecondary students are all encouraged to apply.
The producer price index (PPI) for final demand in September, not seasonally adjusted, increased 0.4% from August and 2.6% year-over-year (y/y) from September 2016, the Bureau of Labor Statistics (BLS) reported