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Tag: sequester
Workforce
Construction industry adds 7k jobs in May, unemployment drops to lowest rate in nearly 5 years
The construction industry added 7,000 jobs in May to reach its highest total of workers in nearly four years, according to data from the U.S. Bureau of Labor Statistics. Preliminary data from the BLS showed that the industry lost 6,000 jobs in April. But a revision reduced that loss to 2,000, meaning if May’s gains […]
June 7, 2013
Business
Nonresidential construction index indicates gradual improvement, notes concerns with sequester, labor shortage
The FMI Nonresidential Construction Index has reached the highest mark since its inception in the first quarter of 2009. Released this week, the second quarter 2013 edition of the NRCI reached 60.1. FMI, a management consultant and investment banking provider, surveys a group of panelists each quarter to measure the health of the nonresidential construction […]
May 30, 2013
Roadbuilding
Industry professionals lobby Congress to spare construction from sequester cuts
Construction professionals have begun lobbying Congress to spare their projects from the sequester cuts that took effect March 1, the New York Times reported. Associated General Contractors of America (AGC) has flooded Congress with emails and letters to protest the hundreds of automatic cuts to these projects. The sequestration cuts, which are divided between military […]
March 15, 2013
Business
Construction companies, AGC lobby Congress to spare programs from sequester cuts
With an estimated $4 billion in federal construction projects in jeopardy due to the sequestration cuts that took effect March 1, construction companies have begun lobbying the government to spare their projects, the New York Times reports. The Associated General Contractors of America has flooded Congress with e-mails and letters protesting the cuts. The sequester […]
March 14, 2013
Roadbuilding
No budget until April??
So our president is delaying the budget once again. According to a March 8 report from The Hill which cites Congressional sources, the Obama Administration won’t be releasing its 2014 budget until April 8 — more than two months late. By law, the budget was supposed to be released the first Monday in February. How […]
March 11, 2013
Business
Sequester to cut $4 billion from federal construction programs
Sequestration, the automatic federal spending cuts that took effect on March 1, will cut more than $4 billion from federal construction programs according to data from a report to Congress from the Office of Management and Budget. Largely exempt from the cuts are the Highway Trust Fund and the Airport Improvement Program. However, most federal […]
March 5, 2013
Business
Senate bill would create incentives for private transportation investment
As the federal government continues to search for ways to grapple with the country’s slowly crumbling infrastructure, two Senators have introduced a bill to the U.S. Senate that would establish a Department of Transportation fund designed to create incentives for private investment into transportation, our sister site CCJ reports. Senators Frank Lautenberg (D-N.J.) and John […]
March 5, 2013
Roadbuilding
Bowles and Simpson try again. Again.
Ladies and Gentleman, please welcome back, Simpson and Bowles! Alan Simpson, a Republican and  Democrat Erskine Bowles have come up with a new deficit reduction plan. You will recall that the duo were co-chairs of the White House’s 2010 deficit-reduction panel, which put together a bipartisan package of tax and spending changes. That plan, of course, […]
February 20, 2013
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