The U.S. economy created 678,000 jobs in February, beating economists’ expectations for a second straight month as the unemployment rate dropped to 3.8%. Job growth happened across a variety of sectors, including construction. “Construction added 60,000 jobs in February, following little change in the prior month,” the Bureau of Labor Statistics announced Friday. “About three-fourths […]
Category: construction spending
Construction Spending Rises in December
U.S. construction spending increased overall in December, though spending was down monthly in nearly a dozen nonresidential subcategories, according to the U.S. Census Bureau and a data analysis from Associated Builders and Contractors. Construction spending during December 2021 was estimated at a seasonally adjusted annual rate of $1,639.9 billion, 0.2% above the revised November estimate […]
Monthly Construction Spending Up
Construction spending in November 2021 was estimated at a seasonally adjusted annual rate of $1,625.9 billion, 0.4% above the revised October estimate of $1,618.8 billion, according to the U.S. Census Bureau. The November total was 9.3% above the November 2020 estimate of $1,487.2 billion. During the first 11 months of 2021, construction spending amounted to […]
Monthly Construction Spending Up 0.4%
Construction spending in November 2021 was estimated at a seasonally adjusted annual rate of $1,625.9 billion, 0.4% above the revised October estimate of $1,618.8 billion, according to the U.S. Census Bureau. The November total was 9.3% above the November 2020 estimate of $1,487.2 billion. During the first 11 months of 2021, construction spending amounted to […]
Oct. Construction Spending Up
Construction spending last month was estimated at a seasonally adjusted annual rate of $1,598 billion, 0.2% above the revised September estimate of nearly $1,595 billion, according to a report from the U.S. Census Bureau. The recent October number is 8.6% higher than the October 2020 estimate of almost $1,472 billion. During the first 10 months […]
