Specialty trade contractors continue to dominate construction employment
April 11, 2017
The U.S. Bureau of Labor Statistics released its March employment data, which revealed a slowing of job growth from previous months. A clear bright spot in the report was the 7,300 new jobs in nonresidential specialty trade construction.
Expectations for 2017 have become less optimistic, but the majority of industrial and commercial construction contractors still expect growth this year, according to the latest Associated Builders and Contractors Inc. (ABC) Construction Confidence Index (CCI). Although all three diffusion indices in the survey — profit margins, sales, and staffing levels —fell by more than five points, they remain well above the threshold of 50, which signals that construction activity will continue to be one of the few significant drivers of economic growth.
National construction employment started 2017 on a high note, adding 36,000 net new jobs on a seasonally adjusted basis in January, according to analysis of U.S. Bureau of Labor Statistics data released by the Associated Builders and Contractors (ABC). The 0.5 percent increase represents the best month for construction employment growth since March of 2016.
Firespray International has provided an innovative lab exhaust ductwork system for the University of California, Berkeley’s (UC Berkeley) Helios Energy Research Facility, solving a complex construction challenge at the 113,000-square-foot building under construction in downtown Berkeley.
Led by the commercial sector, the Architecture Billings Index (ABI) has remained in positive territory four months in a row. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending.
The LED10W-1X2LT rechargeable, portable, and adjustable LED light tower produces 1,600 lumens and is capable of running for 20 hours on a single charge. The weather- and abuse-resistant tower package includes two aluminum-bodied and IP68-rated LED light heads producing 800 lumens each.
FMI, provider of management consulting and investment banking to the engineering and construction industry, announced the release of its 2012 first quarter Nonresidential Construction Index (NRCI) report. The NRCI gained 7.8 points over last quarter to 58.1 this quarter.