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Construction Industry Optimism In 2014
By: CareerCast.com
According to KPMG International’s 2013 Global Construction Survey: Ready for the Next Big Wave?, a majority of companies in the global engineering and construction sector have fresh confidence in the growth prospects for the industry. The Americas have the highest confidence for growth with 90 percent forecasting margins as stable or increasing by more than 2 percent. By contrast, 28 percent of companies in the AsPac region see margins decreasing below 2 percent. In the Americas, privatization efforts via public-private partnerships (48 percent) ranked as the second-leading driver for growth behind government infrastructure plans (58 percent) followed by access to ... more
Construction Jobs Available, But Right Skills Are Required
By: CareerCast.com
The rapid hiring that made 2014 a stellar year for job gains is showing no sign of slowing down. However, filling openings in some fields is not easy. This is especially true for construction. The unemployed don’t have the right skills for the jobs that are available. This view assumes that there are millions of unemployed construction workers or factory employees, for example, who aren’t able to find work in growing sectors such as health care. There are some highly-skilled jobs in software development or advanced manufacturing that do appear to be hard to fill. But some economists point out ... more
Avoid Apartment Construction While Other Sectors Hold Steady
By: CareerCast.com
U.S. homebuilders began work at a slower pace in January than in December. But all of the drop occurred in the volatile area of apartment construction, which sank 24 percent. By contrast, the rate of single-family homebuilding rose 0.8 percent. Even with the overall decline, the pace of home construction in January was the third-highest since 2008 and was evidence of continued strengthening in residential real estate. And in an encouraging sign for the rest of the year, applications for building permits, a signal of future construction, topped December's rate. Applications for permits are at their highest point since mid-2008. ... more
Construction Growth A Positive For 2014
By: CareerCast.com
Expectations are rising for a stronger U.S. economy in 2014 after reports Thursday showed solid growth in manufacturing and construction spending at the end of last year. construction spending rose 1 percent in November to a seasonally adjusted annual rate of $934.4 billion, the Commerce Department said. That's the highest in more than four years. Spending on home and apartment construction rose 1.9 percent to the highest level since June 2008. And commercial project spending increased 2.7 percent, led by office, communication and transportation projects. The reports add to other hopeful signs that 2014 could mark a turning point for ... more
Construction Jobs Weathering Winter Flurry Points To Sunny Spring Hiring
By: CareerCast.com
Cold weather can have negative implications for construction employment, and this winter has been especially cold for much of the Midwest and Eastern United States. However, the U.S. Bureau of Labor Statistics (BLS) reports that construction hiring nationwide increased in February 2015. That's the 14th consecutive month of growth in an industry hit especially hard by the economic recession of 2008. And, continuing the upward trend amid less than ideal circumstances during a cold winter points to even more gains in the spring and summer. The construction industry saw its most substantial hiring gains in 2014 between March and May. ... more
Gen Y Construction Jobs in the Housing Recovery
By: CareerCast.com
Builders who worry about the trickle of younger adults coming into the housing industry need to do a better job of convincing high school and college students that residential development and construction are offering employment opportunities again after several years of deep layoffs and business failures among home-building companies. That’s even true for students enrolled in secondary and collegiate construction management programs—presumably where the next generation of leaders for the housing sector should be emerging. A good number of these students still gravitate toward careers in commercial or industrial architecture and construction, because that’s where the economy and the media ... more
Construction Industry Vows to Hire 100,000 Veterans
By: CareerCast.com
One hundred construction companies and associations have pledge to hire 100,000 veterans by 2019, answering a call from first lady Michelle Obama to employ vets to "send a clear message that we honor those who've sacrificed for us." A recent announcement sponsored by the Labor Department and Joining Forces rallying support for construction hiring of veterans marks the first time an entire industry has pledged to ensure that former military personnel will be considered when hiring new employees, the story said. “By hiring veterans, businesses won't just be giving American heroes the chances they deserve to keep serving our country,” ... more
As Construction Hiring Improves, Nature Of Jobs Change
By: CareerCast.com
As Florida’s housing market tanked seven years ago, construction worker David Rager saw jobs dry up. So he left construction, along with 2.3 million others nationwide during the economic downturn, and got a job installing traffic signals and street lights. “I couldn’t afford to sit at home for a month here and a month there,” said Rager, 53. Now Rager is back in construction, working with a crew on a custom-built home in Orlando, framing walls “and doing a little bit of everything.” In the past four years, hundreds of thousands of workers have returned to construction, making it among ... more
Construction Industry Is Strengthening
By: CareerCast.com
Automatic Data Processing (ADP), a leading provider of payroll services, has released its February employment report, a report that it creates each month in association with Moody’s Analytics. According to their calculations, the national economy added 198,000 jobs (from nonfarm private employers) in February 2013. January’s job totals were also revised upward by 23,000 jobs, from 192,000 jobs added to 215,000. ADP and Moody’s report doesn’t break down the data in as detailed a way as does the U.S. Department of Labor’s Bureau of Labor Statistics in its monthly report (due to be released Friday, March 8), so the analogous ... more
Infrastructure Hiring Can Have Important Economic Impact
By: CareerCast.com
The economic argument that government can create construction jobs quickly by investing in infrastructure doesn’t begin to capture the employment benefits of infrastructure, a new Brookings Institution study reports. Most of the jobs created by infrastructure investment in the nation are held by people who operate infrastructure systems and facilities. Brookings found that laborers and freight, stock and materials handlers and movers accounted for 3,740 infrastructure jobs in the Albuquerque area. More than 5,500 workers drove trucks and delivery service vehicles. Thousands more operated buses, taxis and other transportation service equipment. “By limiting infrastructure employment to construction alone, and viewing ... more