Page 5 - Ken Simonson News Today

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.

Highlights from the latest construction forecasts show that U.S. economic recovery slowly continues, shadowed by inflation and labor challenges, and geopolitical risk.

Production and non-supervisory employees in the US construction sector saw their hourly average earnings continue to rise in November, hitting nearly $35.

Average wages for US construction site and office workers rose by 5.9% over the year to November, hitting $34.96 an hour, says employers group the Associated General Contractors of America (AGC).

ENR.com is the bible of the construction industry, providing news and features about projects, products and people in construction, architecture and engineering.

The construction sector gained 2,000 jobs in November, which is down from the prior three-month average of 21,000 and the weakest monthly growth since March.

Remaining strong overall, total construction spending increased by 0.6% in October, according to contractors associations AGC and ABC. Details here

New York City added 14,600 jobs, 10% more than a year ago.

Business remains good for Arkansas commercial contractors, but high interest rates and costs cause concern.

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.