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: U.S economy
ABC: Decline in Structure Investments Continues
An Associated Builders and Contractors analysis of data released by the Bureau of Economic Analysis shows investment in nonresidential structures decreased at an annual rate of 11.4% in the fourth quarter of 2021 has now contracted in eight of the past nine quarters. The continued slowdown juxtaposed BEA’s announcement stating the U.S. economy grew at […]
Consumer Prices Rise 6.8%
The Consumer Price Index rose 6.8% between November 2020 and November 2021, the largest 12-month increase since the period ending June 1982, according to data from the U.S. Bureau of Labor Statistics. Energy prices rose 33.3% over the last year, while food prices increased 6.1%. Gasoline prices rose 58.1%, the largest increase since April 1980. […]
