“The construction industry suffered an enormous loss in jobs. However, it is quite likely that winter weather played a substantial role.” —ABC Chief Economist Anirban Basu.
Despite a slight decrease in the national unemployment rate, job losses continue to mount in […]
Tag: ABC
Nonresidential Construction Spending Dips in December 2010
“The question becomes whether the data indicate an end to a short period of recovery, or whether the recovery was temporarily halted by snow and cold temperatures.” —ABC Chief Economist Anirban Basu.
Blame it in part on the bad weather, total […]
As for 2011…
By Greg Sitek —
Let’s start with a quote from the editorial, 2011: Better, Worse Or More Of The Same?, that appears in our Blog: Digging For Dirt (below). “What will happen in 2011? Economic conditions will continue to improve, but […]
Private Nonresidential Construction Spending Slips in November 2010
“The expectation is that at some point in 2011, this set of circumstances will begin to shift as the broader economic recovery takes hold and federal stimulus-financed activities wind down toward a close. ” —ABC Chief Economist Anirban Basu.
Despite increased […]
ABC Reports: Nonresidential Construction Employment Down Slightly in November
“Today’s employment report is perfectly consistent with ABC’s prior statements regarding the still moderate pace of economic recovery in America.” —ABC Chief Economist Anirban Basu.
The nonresidential construction sector lost 300 jobs in November, according to a Dec. 3 employment report by […]