Economy

Construction adds 45,000 jobs in December to finish 2015 up 4%

Construction adds 45,000 jobs in December to finish 2015 up 4%

Finishing 2015 with a ninth-consecutive month of employment gains, the U.S. construction industry added 45,000 employees to its workforce ...

Why an error in the Commerce Department's construction spending calculation is actually good news

Why an error in the Commerce Department’s construction spending calculation is actually good news

The Commerce Department has announced a revision to 10 years worth of construction spending estimates, correcting a calculation error that ...

Economists hail construction as strongest sector of U.S. economy

Economists hail construction as strongest sector of U.S. economy

With construction spending at a 7-year high, single-family home starts up 19 percent year over year, and hiring at ...

Home starts jump 9.8% as apartment construction reaches 28-year high

Home starts jump 9.8% as apartment construction reaches 28-year high

Thanks to a surge in new apartments, May's decrease in home construction starts was followed up by a sizable ...

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Construction jobs flat in June; unemployment drops

Construction jobs flat in June; unemployment drops

Following two months of gains, the U.S. construction industry saw no job losses or gains in June. According to preliminary data ...

Is the golden age of underground construction upon us?

Is the golden age of underground construction upon us?

During the Great Recession, one phrase reached cliché status: “this is the new normal.” In other words, suck it up, ...

Construction adds 17,000 jobs in May; unemployment drops again

Construction adds 17,000 jobs in May; unemployment drops again

The U.S. construction industry established for itself another streak in jobs gains during May, adding 17,000 jobs for the month. According to preliminary ...

After 40 years in business, Savannah firm J.T. Turner Construction to cease operations

After 40 years in business, Savannah firm J.T. Turner Construction to cease operations

In announcing that Savannah-based firm J.T. Turner Construction Co. Inc. is closing its doors, founder Jim Turner said his company is ...

Just about every type of skilled construction profession got a raise last year

Just about every type of skilled construction profession got a raise last year

Wages for skilled construction workers are up nearly across the board, according to the latest wage survey from the National ...

U.S. contractors optimistic about 2015 with 80% planning to make new hires, buy new equipment

U.S. contractors optimistic about 2015 with 80% planning to make new hires, buy new equipment

After finishing 2014 with employment at nearly a six-year high, hiring within the construction industry is expected to expand ...

Caterpillar shares fall after analyst downgrades stock due to falling oil prices

Caterpillar shares fall after analyst downgrades stock due to falling oil prices

While the falling price of oil has been delighting consumers at the pump across the U.S. for the last couple ...

Construction adds 20,000 workers in November, but unemployment rises

Construction adds 20,000 workers in November, but unemployment rises

With an addition of 20,000 workers during November, the U.S. construction industry added employees to its workforce for an ...

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