Tag: Economy: Page 2

Business

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 of months, the situation recently became decidedly less delightful for Caterpillar executives. Shares of the Peoria, Illinois-based heavy equipment maker dipped 5 percent at the market’s close Monday to $87.03 after JPMorgan downgraded its rating of the […]

January 6, 2015

Business

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 11th consecutive month. The industry now employs 6.109 million Americans, according to preliminary data from the Labor Department. That’s the highest employment mark for construction since April 2009 when it employed 6.154 million people. The new […]

December 8, 2014

Workforce

Construction adds 16,000 workers in September, unemployment falls 7 points

The construction industry added jobs during September, extending a streak of job gains now nine months long. Construction added 16,000 workers in September and now employs 6.079 million Americans, according to preliminary data from the Labor Department. That is the industry’s highest figure since May 2009. The new data also revised the August employment figure […]

October 3, 2014

Business

Construction critical to growth of unconventional energy market

Construction is a key player throughout the “unconventional” oil and gas supply chain, according to a just-released study by the Energy Equipment Infrastructure Alliance, and conducted by IHS Global Insight. The industry is one of five critical economic sectors when it comes to the unconventional energy market, defined as oil and gas extracted by horizontal […]

October 1, 2014

Business

PCA forecasts steady growth for cement consumption through 2016 as construction activity increases

According to the latest forecast from the Portland Cement Association (PCA), cement consumption in the U.S. will see steady gains over the next three years. As far back as the World of Concrete show in January and again in the Spring, PCA chief economist Ed Sullivan has forecasted 8-percent growth in cement consumption and that […]

September 25, 2014

Business

Is construction “dead in the water”? Greenspan comment highlights industry’s mixed feelings about recovery

Despite many positives in the industry right now, Alan Greenspan is pointing a finger of blame in construction’s direction. According to a report from Bloomberg, Greenspan, who served as chairman of the Federal Reserve between 1987 and 2006, said Tuesday the U.S. economic rebound from the recession that ended five years ago has been held […]

September 10, 2014

Construction Equipment

Construction equipment among quickest recovering industries from recession; contributes the economic value of an entire state

According to a new study of the construction equipment industry released Tuesday by the Association of Equipment Manufacturers, the industry was among the quickest to recover from the throes of the Great Recession and contributes nearly four times its market share in value to the U.S. economy. Sanctioned by AEM and authored by Inforum, an […]

September 9, 2014

Roadbuilding

Construction industry extends employment streak, adds 20,000 jobs in August

The U.S. construction industry extended its streak of job gains in August, adding 20,000 workers. It was the eighth-straight month of gains for the industry which now employs 6.068 million Americans—the highest figure since May 2009, according to data from the Labor Department. The new data also revised upward the July employment number from 6.041 […]

September 8, 2014

Business

Construction industry extends employment streak, adds 20,000 jobs in August

The U.S. construction industry extended its streak of job gains in August, adding 20,000 workers. It was the eighth-straight month of gains for the industry which now employs 6.068 million Americans—the highest figure since May 2009, according to data from the Labor Department. The new data also revised upward the July employment number from 6.041 […]

September 5, 2014

Home

Construction firms are turning down work due to the labor shortage, but most are willing to pay more to find workers

A majority of construction companies across the U.S. are facing a shortage in skilled labor and a large number of them have been forced to turn down work in the last year because they didn’t have the workers needed for the job, according to a recent survey conducted by the Associated General Contractors of America […]

August 28, 2014

Business

Construction adds 22,000 jobs in July; employment now at highest level in more than 5 years

The U.S. construction industry added jobs for a seventh-straight month in July, a streak that has propelled the sector’s employment to its highest level since May 2009. July saw a sizable gain of 22,000 workers bringing the number of Americans employed in construction to 6.041 million, according to preliminary data from the Commerce Department. The […]

August 1, 2014

Workforce

Construction adds 6,000 jobs in June as industry retains grip on highest employment in 5 years

For six straight months, the U.S. construction industry has added jobs and held tight to its highest employment figures in five years. However, there have been signs of slipping as growth of its workforce slowed considerably in May and fell off even more in June. During June the industry added 6,000, compared to May’s revised number […]

July 3, 2014