Tag Archive for 'construction industry'

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ABC Reports: Construction Lost Jobs in December

National construction employment declined by 3,000 net jobs on a seasonally adjusted basis in December, according to analysis of  U.S. Bureau of Labor Statistics data released today by the Associated Builders and Contractors (ABC).

The industry added 102,000 net new jobs on a year-over-year basis, the smallest increase in more than four years. Of the five subsectors, only residential specialty trade contractors added jobs in December (11,700 net new jobs). Nonresidential construction lost 13,400 net jobs for the month, largely due to losses in heavy and civil engineering, which lost 8,900 jobs. These data are adjusted for seasonal variations, which means that one cannot simply blame the poor job performance on the transition from November to December.

“A terrific nonresidential construction spending report arrived earlier this week, leading to expectations of a more upbeat assessment of the construction employment situation than provided by today’s report,” said ABC Chief Economist Anirban Basu. “The spending report indicated that nonresidential spending expanded to $712.4 billion on a seasonally adjusted, annualized rate in November, representing the highest level of spending in eight years.

“One possible way to reconcile seemingly contradictory data is to point out that construction firms are reporting greater difficulty filling available positions,” said Basu. “More than 80 percent of ABC members report difficulty finding appropriately skilled labor. Accordingly, many construction firms are required to do more with fewer people, which should eventually show up in construction productivity data that reflect the amount of output generated by the average worker on a per-hour-worked basis.

“The significant number of jobs lost in the heavy and civil engineering segment indicates that U.S. spending on infrastructure remains low,” said Basu. “For much of the year, the level of spending in publicly-financed segments was stuck in reverse, and today’s data indicate that increased investment in the shared built environment is much needed.

“There were jobs lost in privately-financed segments as well,” said Basu. “Employment in nonresidential building construction dipped by 1,300 in December. While that’s not a massive loss, it is somewhat surprising given data regarding construction spending, including in the office and lodging segments.”

The construction unemployment rate expanded by 1.7 percentage points in December and stands at 7.4 percent.  This figure, however, is not seasonally adjusted, and construction industry unemployment has increased from November to December during each of the prior sixteen years by an average of 2 percentage points. The national unemployment rate ticked higher to 4.7 percent in December. That statistic is seasonally adjusted.

December 2016 Construction Employment

AGC Reports:CONSTRUCTION EMPLOYMENT DIPS IN DECEMBER BUT RISING HOURLY EARNINGS, CONTRACTOR OPTIMISM SUGGEST HIRING PAUSE IS DUE TO WORKER SHORTAGE

Association Urges Lawmakers and Public Officials to Increase Support for Craft Worker Training Programs to Address Ongoing Demand for Infrastructure, Private and Residential Construction in 2017
Construction employment slipped by 3,000 jobs in December, while average hourly earnings accelerated, according to an analysis of new government data by the Associated General Contractors of America. Association officials noted that recent construction spending numbers and their own survey of members suggest demand for construction remains strong, suggesting that the lack of hiring may be due to a shortage of available workers.

“This report presents mixed signals about the state of the construction industry,” said Ken Simonson, the association’s chief economist. “Although a dip in employment might normally be a sign of declining demand, in this case the industry is raising wages and taking other steps to attract and retain workers. Construction spending in November hit a 10-year high, with one-month and year-over-year increases in all major segments. Looking ahead, contractors say they expect more work in every category in 2017 than in 2016.”

Construction employment totaled 6,699,000 in December, a decrease of 3,000 from November but an increase of 102,000 or 1.5 percent from a year ago. Average hourly earnings in construction increased 3.0 percent over the past year to $28.42 per hour. Earnings have been rising in recent months at the fastest annual rate since 2009, which Simonson said is evidence that contractors are still eager to expand their headcounts.

Residential construction—comprising residential building and specialty trade contractors—added 9,800 jobs in December and 102,500, or 3.0 percent, compared to a year ago. Nonresidential construction (building, specialty trades, and heavy and civil engineering construction) employment shrank by 13,400 employees in December and was virtually flat (-400 employees, 0.0 percent) over the year.

These numbers contrast with Census Bureau data on construction spending in November that were released on Wednesday, Simonson observed. Those figures showed that overall spending increased 0.9 percent for the month and 4.1 percent over 12 months. Total residential spending was up 1.0 percent and 3.0 percent, respectively, while total nonresidential spending climbed 0.8 percent from October and 4.9 percent from November 2015.

Association officials noted that both the recent spending data and a survey of members that they plan to release on January 10 point to continued construction activity and an eagerness by contractors to hire—if they can find qualified workers. The association urged lawmakers and government officials to expand and fund employment and training programs to equip students and workers with the skills needed to become productive construction employees.

“Contractors are hopeful that demand for infrastructure, private investment and housing will remain strong in 2017,” said Stephen E. Sandherr, the association’s chief executive officer. “But they need more workers to satisfy that demand. Government at all levels must step up its programs to educate and train the next generation of construction craft workers.”

Call in January 10 at 1 p.m. EST for AGC’s 2017 Construction Hiring and Business Forecasts release. Toll-Free Call-in Number: 1 (800) 874-4559; (Canadian Toll Free 1 (800) 696-0876); Verbal Pass code (to be given to the operator): TURM25524.

Roadtec Offers Comprehensive Technical Training for Asphalt Paving and Milling Trade at its Chattanooga Headquarters

Roadtec recently announced its winter schedule for Technical Service School and Paving Professionals Workshops (PPW) for the asphalt paving and milling industries. All the training sessions and workshops are held at Roadtec’s state-of-the-art training facility in Chattanooga, TN, and are taught by factory staff and industry experts.

The Technical Service School is intended for advanced and head mechanics, field technicians, and service technicians who have a working knowledge of electrical and hydraulics schematics, and electrical meters.

Roadtec factory specialists will provide students with hands-on and in-class training, including sections on hydraulic and electrical system maintenance, troubleshooting, machine set-up, special applications, asphalt mixes and other topics. Those attending will have the opportunity to meet and talk with Roadtec personnel from all areas including service, engineering, manufacturing, sales, and marketing.

Technical Service School offers paver school in January 2017 and mill, Shuttle Buggy MTV, and stabalizer school sessions in February 2017:

Paver Schools

Session 1: January 11-13, 2017

Session 2: January 16-18, 2017

Milling Schools

Session 1: February 1-3

Session 2: February 6-8

Shuttle Buggy® Schools

Session 1: February 14-15

Session 2: February 16-17

Stabilizer Schools

Session 1: February 22-23

Roadtec Paving Professionals Workshops are taught by experienced professionals, from leading companies in the industry. The classroom and hands-on instruction covers proper applications of asphalt lay-down, handling, and rolling equipment. The range of topics covered include proper paver and screed set-up / operation, preventing mix segregation, quality joint construction, automated grade and slope control systems, Superpave compaction, and processes for coordinating plant and paving speeds. PPW is considered to be one of the most comprehensive paving training schools in the asphalt industry.

A variety of equipment are used during the PPW sessions. Two sessions are scheduled for January 2017.

PPW Session 1

January 23-24

PPW Session 2

January 25-26

To learn more about Roadtec Technical Service School and the Paving Professionals Workshops visit www.roadtec.com or call 800-272-7100.

 

ABC Reports: Nonresidential Spending Thrives in Strong November Spending Report

Nonresidential construction surged in November, according to analysis of U.S. Census Bureau data released today by Associated Builders and Contractors (ABC). Nonresidential spending expanded to $712.4 billion on a seasonally adjusted, annualized rate in November, representing the highest level of spending in eight years.

October’s figure was upwardly revised by 1 percent (from $699.7 billion to $706.5 billion), while September’s figure was upwardly revised by 0.8 percent (from $701.7 billion to $707.2 billion).  A bit more than half of the 16 subsectors experienced spending increases in November.

“Today’s strong spending report contributed to a bright short-term outlook for the commercial and industrial construction sectors,” said ABC Chief Economist Anirban Basu. “Nonresidential construction spending is up approximately 5 percent on a year-over-year basis, and momentum should build further.

“With a new presidential administration coming to Washington there is a presumption that the economic dynamics of the near-term future will be markedly different than they have been,” said Basu. “If the last few weeks are any indication, the 2017 economy will be associated with tax cuts, more government spending, less financial regulation, faster economic growth, a stronger U.S. dollar, robust stock market performance and greater overall CEO confidence. That should translate into improved construction spending moving forward.

“It should be noted that data for November largely reflect the economic dynamics of the past,” said Basu. “Many construction firms have reported that they remain busy but have become concerned that work could dry up in certain markets in 2017 or 2018. This has been due to a combination of factors, including evidence of overbuilding in segments such as lodging and office buildings, even in Tier 1 markets like New York and Miami.

“Some are of course unnerved by prospects for shrinking exports given a stronger U.S. dollar, larger budget deficits and rising interest rates,” said Basu. “These are legitimate concerns and may ultimately serve to suppress U.S. economic dynamism. However, for now, the nonresidential construction outlook remains promising. The major source of uncertainty regarding the near-term outlook stems from whether the incoming administration will successfully pass an infrastructure package and how quickly such legislation would translate into stepped-up public construction spending.”

Meet theThe New PORTER CABLE® Cordless Impact Wrench

New impact wrench marks extension of 20V MAX* Lithium Ion Get Linked™ system of tools

PORTER CABLE recently introduced its new 20V MAX* Lithium Ion 1/2 Inch Hog Ring Impact Wrench (PCC740). This new impact wrench is an extension of the 20V MAX* Lithium Ion Get Linked™ system of tools, a range of widely used cordless tools created for residential professionals at an affordable price. This tool is the first cordless impact wrench from PORTER CABLE and operates on any PORTER CABLE 20V MAX* Lithium Ion battery.

The 20V MAX* Lithium Ion 1/2 Inch Hog Ring Impact Wrench (PCC740) is engineered with residential contractors and mechanics in mind. The tool features a 1/2 Inch hog ring anvil, providing 330 ft-lbs of max torque for construction applications and lug nut removal. The 1/2 inch hog ring anvil allows for quick and easy socket changes for a variety of applications. A variable speed trigger enables the user to control the tool’s speed and delivers 0-1,700 Rotations Per Minute (RPM) and 0-2,500 Impacts Per Minute (IPM) to complete heavy-duty applications quickly. By eliminating cords and hoses of electric and pneumatic impact wrenches, the cordless tool offers convenience and efficiency.

The tool’s 4.0Ah 20V MAX* Lithium Ion battery pack delivers the runtime and performance that residential professionals require. The 20V MAX* Lithium Ion 1/2 Inch Hog Ring Impact Wrench (PCC740) is 9.9 inches in length and, combined with the 4.0 Ah battery, weighs 6lbs. The cordless impact wrench is designed with an ergonomic over-molded grip for comfort engineered to limit user fatigue. The tool also includes an LED work light to help illuminate dark work areas.

The 20V MAX* Lithium Ion Get Linked™ system of tools offer affordable power and performance for residential professional users. The PCC740LA is reasonably priced kitted with one 4.0Ah battery or the PCC740B is available bare as a stand alone tool. The 20V MAX* Lithium Ion 1/2 Inch Hog Ring Impact Wrench (PCC740) comes with a three-year limited, one-year service, and 90-day money-back guarantee.

Battery     4.0 AH

330 Max ft lbs

RPM      0 – 1,700

IPM      0 – 2,500

Weight w/battery   6 lbs

Length 9.9 inches

Variable speed trigger control

LED work light

*Maximum initial battery voltage (measured without a workload) is 20 volts. Nominal voltage is 18.

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With more than 100 years of experience producing quality and performance-driven tools, PORTER CABLE is a leading manufacturer and marketer of professional-grade cordless and corded power tools, equipment, and accessories. Known for industry-changing innovation, PORTER CABLE introduced the world’s first helical drive circular saw, portable band saw, and portable belt sander. For more information about PORTER CABLE professional-grade power tools, visit http://www.portercable.com/