About Amerisurv| Contact    
Magazine | Newsletter    
Flickr Photos | Advertise    
HomeNewsNewsletterAmerisurv DirectoryJobsStoreAuthorsHistoryArchivesBlogVideosEvents
Register to receive the Amerisurv Newsletter | Also See Our LiDAR News Newsletter | RSS Feed  
advertisement


Subscriptions
Sponsored By

Software Reviews
Continuing Series
     RTN
An RTN expert provides everything you need to know about network-corrected real-time GNSS observations.
Click Here to begin the series,
or view the Article PDF's Here
76-PageFlip Compilation
of the entire series
Test Yourself

Got Answers?
Test your knowledge with NCEES-level questions.
  Start HERE
Meet the Authors
Check out our fine lineup of writers. Each an expert in his or her field.
Wow Factor
Sponsored By


Product Reviews
Partner Sites

machinecontrolonline 


lbszone.com

GISuser.com

GeoJobs.biz

GeoLearn

 

Spatial Media LLC properties

Associates

ASPRS

newsnow 

  The American Surveyor     

Nonresidential Construction Employment Retains Momentum in August Print E-mail
Written by Associated Builders and Contractors   
Friday, 05 September 2014

"Today's headline number of 142,000 jobs for the overall U.S. economy was disappointing but the nonresidential construction numbers continue to show a steady recovery."—ABC Chief Economist Anirban Basu.

The U.S. construction industry added 20,000 jobs in August, according to the Bureau of Labor Statistics report released Sept. 5 and July's estimate was revised upward from 22,000 to 31,000 net new jobs. Nonresidential construction added 5,500 jobs in August, which could be considered a bit soft, but the segment added 15,200 jobs in July (revised upward from 6,600).

"Today's headline number of 142,000 jobs for the overall U.S. economy was disappointing but the nonresidential construction numbers continue to show a steady recovery," said Associated Builders and Contractors Chief Economist Anirban Basu. "Employment among nonresidential specialty trade contractors expanded by 2,300 positions in August and nonresidential building construction was up by 3,200 jobs, which is consistent with ongoing expansion in demand for nonresidential construction services.

"While the national construction unemployment rate inched up to 7.7 percent, construction is a segment in which many executives complain about a lack of available skilled workers and rising unemployment must be interpreted more broadly," said Basu. "The industry has a high demand for jobseekers and increasing demand for construction workers implies that many of these jobseekers will find employment. Moreover, the industry's unemployment rate has fallen 1.4 percent from where it stood one year ago."

According to the Bureau of Labor Statistics' household survey, the national unemployment rate shed a tenth of a percent, falling to 6.1 percent. This small change is partially explained by a decline in the labor force, which shrank by 64,000 in August, pushing the labor force participation rate down to 62.8 percent.

Construction employment for the month and the past year breaks down as follows:
•Nonresidential building construction employment gained 3,200 jobs for the month and is up by 27,900 jobs, or 4.2 percent, since August 2013.
•Residential building construction employment rose by 4,000 jobs in August and is up by 55,900 jobs, or 9.1 percent, on an annual basis.
•Nonresidential specialty trade contractors added 2,300 jobs for the month and employment in that category is up by 48,300 jobs, or 2.3 percent, from the same time one year ago.
•Residential specialty trade contractors gained 9,200 jobs in August and have added 67,200 jobs, or 4.3 percent, since August 2013.
•The heavy and civil engineering construction segment added just 900 jobs in August, but job totals are still up by 32,400, or 3.7 percent, on a year-over-year basis.

To view the previous Spending report, click HERE.

 
< Prev   Next >

deliciousrssnewsletterlinkedinfacebooktwitter

Amerisurv Exclusive Online-only Article ticker
Featured Amerisurv Events
List Your Event Here
please
contact Amerisurv


Google
 
AMERISURV TOP NEWS

Geneq Introduces
Net20 Pro Receiver

GOT NEWS? Send To
press [at] amerisurv.com
Online Internet Content

Sponsor


News Feeds

 
Subscribe to Amerisurv news & updates via RSS or get our Feedburn
xml feed

Need Help? See this RSS Tutorial

Historic Maps
Careers

post a job
Reach our audience of Professional land surveyors and Geo-Technology professionals with your GeoJobs career ad. Feel free to contact us if you need additional information.

 

Social Bookmarks

Amerisurv on Facebook 

Amerisurv LinkedIn Group 

Amerisurv Flickr Photos 

Amerisurv videos on YouTube 

twitter

 




The American Surveyor © All rights reserved / Privacy Statement
Spatial Media LLC
7820B Wormans Mill Road, #236
Frederick MD 21701
301-620-0784
301-695-1538 - fax