Nonfarm payroll employment shrank by 125,000, seasonally adjusted, in June as the end of 225,000 temporary Census jobs swamped modest private-sector gains, the Bureau of Labor Statistics (BLS) reported today. The unemployment rate was 9.6%, not seasonally adjusted (9.5%, seasonally adjusted, down… Read More July 2, 2010
View AGC Chief Economist Ken Simonson's presentation on the outlook for construction activity, materials and labor.
July 2, 2010
CONSTRUCTION EMPLOYMENT FALLS TO 14-YEAR LOW IN JUNE; INDUSTRY UNEMPLOYMENT RATE TOPS 20 PERCENT
Seasonally adjusted construction industry employment slipped in June to the lowest total since July 1996 while the industry's unemployment rate remained at 20.1 percent, more than double the average… Read More July 2, 2010
Seasonally adjusted construction industry employment slipped in June to the lowest total since July 1996 while the industry's unemployment rate remained at 20.1 percent, more than double the average for all workers, according to AGC's analysis of new federal figures.
"The recession may have ended… Read More July 2, 2010
** Action Requested **
Time is running short for Congress to take action on a multi-year highway and transit reauthorization bill. SAFETEA-LU authorization expired on September 30, 2009 and the program has been operating under short term extensions ever since. In addition, the Highway Trust Fund… Read More July 1, 2010
The House Appropriations Subcommittee on Transportation today marked-up the FY 2011 transportation spending bill. The bill provides $45.2 billion for the highway program, an increase of more than $4 billion over this year's funding level of $41.07 billion and President Obama's budget request of $… Read More July 1, 2010
Following months of AGC and other transportation construction stakeholders successfully lobbying Congress and the administration to restore $8.7 billion of rescinded highway contract authority, the House of Representatives is poised to take $2 billion of that unobligated money away to offset a $10… Read More July 1, 2010
Congress approved a bill to extend aviation programs and excise taxes through Aug. 1. The short-term extension will give lawmakers another month to attempt to finalize a multi-year FAA reauthorization bill.
Both the House and Senate have passed long-term authorization bills but they are very… Read More July 1, 2010
Construction spending shrank again in May, dropping 8 percent from a year earlier, although homebuilding and stimulus-funded public works increased from year-ago levels, according to AGC's analysis of new Census Bureau data.
"Stimulus has made a difference, but Congress needs to provide long-term… Read More July 1, 2010
New technical bulletins are now available on the U.S. Environmental Protection Agency's (EPA) National Clean Diesel Campaign (NCDC) website to support fleet managers who are considering Diesel Oxidation Catalysts (DOCs) or Diesel Particulate Filters (DPFs) as potential retrofit technologies. Click… Read More July 1, 2010
