Workforce DevelopmentMore Like This

The national construction industry added 8,000 net new jobs on a seasonally adjusted basis in September, according to an analysis by Associated Builders and Contractors (ABC) of a recent release from the U.S. Bureau of Labor Statistics. The nonresidential sector added 11,700 jobs for the month, which means that residential construction lost several thousand jobs. Nonresidential specialty trade contractors paced the segment, adding 8,500 net new jobs on a monthly basis.

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Economic OutlookMore Like This

According to the National Bureau of Economic Research, the U.S. economy has gone through eight cycles of recession since 1960. This means the United States has found itself in a correction/recession every eight years in the past 56 years. The economy is now in its seventh year of official growth since 2009. These statistics suggest that in the next 18 to 24 months, the economy will face headwinds, or market correction.

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Managing Your BusinessMore Like This

In 2016, it seemed as though the United States was always marking time. Everyone was waiting to see which way the presidential election would go and the economy chugged along at 1.6 percent, according to a report by the U.S. Commerce Department. This was a slip from 2.6 percent in 2015—the worst performance since 2011. By contrast, 2017 has been a banner year for the stock market. Optimism over tax incentives and reduced regulation has fueled speculation and enticed money into the market.

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Economic OutlookMore Like This

Nonresidential construction spending contracted during January, according to analysis of U.S. Census Bureau released by Associated Builders and Contractors (ABC). Nonresidential spending fell 1.9 percent from December to $698.4 billion on a seasonally adjusted, annualized basis. This represents the first month total nonresidential construction spending dipped below $700 billion since July 2016.

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FinanceMore Like This

Construction input prices collectively rose by 1 percent on a monthly basis and 3.8 percent on a year-over-year basis, according to analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. This represents the fastest year-over-year rate of materials price inflation since the beginning of 2012. Nonresidential input prices rose 0.9 percent for the month and are up 4 percent year over year.

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