Construction Jobless Rate Soars; States Could Quickly Put Many Back to Work, Economist Simonson States
Washington, D.C.-"Today's unemployment report-grim reading on all counts-is especially bad for construction and shows the urgency of enacting infrastructure spending as part of a stimulus bill,"… Read More November 7, 2008
Thanks to the hard work and persistence of AGC of America, our network of members, and Chapter partners, Liquid Assets: The Story of Our Water Infrastructure is being viewed nationwide.
AGC of America provided $100,000 to Penn State Public Broadcasting for the development of Liquid Assets and co-… Read More November 7, 2008
House Speaker Nancy Pelosi (D-Calif.) on November 5 urged enactment of the $61 billion economic recovery package the House passed in September, which would have provided $30 billion in supplemental appropriations for many federal construction programs, when Congress reconvenes the week of November… Read More November 6, 2008
On November 3 AGC submitted comments to the IRS in response to proposed regulations providing guidance to taxpayers in the home construction industry. Specifically, the proposed regulations provide guidance on two issues: accounting for long-term construction contracts that qualify as home… Read More November 6, 2008
AGC PAC raised and spent more than $1,000,000 to impact the 2008 election cycle and support more than 200 construction-friendly candidates for federal office. For specifics on AGC PAC influence and grassroots campaigns, check out the 2008 AGC PAC election report.
November 6, 2008
The 111th Congress will be sworn in January 6, 2009. The Congress will consist of larger Democratic majorities in both the House and Senate. In addition to the election results, there will be congressional leadership and committee changes as well as new cabinet posts.
It is important for AGC… Read More November 6, 2008
Mr. Edwin Foulke Jr., announced that his last day as Assistant Secretary of Labor for the Occupational Safety and Health Administration (OSHA) will be Friday, November 7, 2008. Foulke was named by President George W. Bush to head OSHA on Sept. 15, 2005, and was confirmed by the Senate on March 15,… Read More November 6, 2008
On October 29, 2008, The U.S. Department of Labor (DOL) issued its final rule revising the federal regulations (29 CFR part 29) that implement the National Apprenticeship Act. AGC submitted comments in March 2008, generally in support of the revisions as proposed. Many AGC comments were taken into… Read More November 3, 2008
Census, NABE Reports Show Weakness, Economist Simonson Warns
Washington, D.C.-"Nonresidential construction is on the verge of a potentially long slide," Ken Simonson, Chief Economist for The Associated General Contractors of America (AGC), warned today. Simonson’s comments followed reports from… Read More November 3, 2008
Real (net of inflation) gross domestic product fell at a seasonally adjusted annual rate (SAAR) of 0.3% from the second quarter to the third quarter, the Bureau of Economic Analysis reported on Thursday. Real gross private domestic investment in nonresidential structures rose 7.9% (SAAR), down from… Read More November 1, 2008
