Construction spending totaled $769 billion at a seasonally adjusted annual rate in March, an increase of 1.4% from the downwardly revised February total but 6.7% below the March 2010 level, the Census Bureau reported today.
Seasonally adjusted nonfarm payroll employment increased in 38 states in March and decreased in 12 states and the District of Columbia, the Bureau of Labor Statistics (BLS) reported on Tuesday.
Click here to view March PPI tables.
The producer price index (PPI) for finished goods jumped 1.3%, not seasonally adjusted (0.7%, seasonally adjusted), in March and 5.8% over the past 12 months, the Bureau of Labor Statistics (BLS) reported on Thursday. The PPI for inputs to construction—a weighted average of the prices of all materials used in construction plus items consumed by contractors, such as diesel fuel—leaped 2.0%, not seasonally adjusted, for the month and 6.9% over 12 months.
Nonfarm payroll employment increased in 284 out of 372 metro areas (76%) between February 2010 and February 2011, decreased in 77 (21%) and remained flat in 11, the Bureau of Labor Statistics (BLS) reported on Wednesday.
Economists Lynn Reaser and Ken Simonson presented a partly sunny forecast at the Aon Economic Issues luncheon on Thursday, March 24. But the scene they painted had plenty of clouds, as well.
View ÎÚÑ»´«Ã½ Chief Economist Ken Simonson’s presentation on the outlook for construction activity, materials and labor.
Construction spending tumbled 1.4% in February to $761 billion at a seasonally adjusted annual rate, the lowest total since 1999 and 6.8% percent below the February 2010 level, the Census Bureau reported on Friday. The slump was accentuated by downward revisions for January (from $792 billion to $771 billion) and December (from $798 billion to $785 billion).
Seasonally adjusted nonfarm payroll employment increased in February in 35 states, decreased in 14 states and the District of Columbia, and was unchanged in Hawaii, the Bureau of Labor Statistics (BLS) reported on Friday.
Financial pressures on contractors grew worse in February as prices for key construction materials rose sharply even as prices construction firms charge for completed projects remained stagnant, according to an analysis of producer price index figures released Wednesday by ÎÚÑ»´«Ã½.
Seasonally adjusted nonfarm payroll employment increased in January in 35 states and the District of Columbia and decreased in 15 states, the Bureau of Labor Statistics (BLS) reported on Thursday. Compared with January 2010, employment rose in 42 states and D.C. and declined in eight states.