Articles by Ken Simonson

Nov. 2, 2007 ― Nonresidential Construction Employment, Pay, Spending Rise Despite Housing Slump

By Ken Simonson
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Employment rose 166,000 in October and 1.6 million over 12 months, the Bureau of Labor Statistics reported today. The unemployment rate held steady at 4.7%.
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Oct. 29, 2007 ― Private surveys, Beige Book suggest softer nonresidential construction growth ahead

By Ken Simonson
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The three principal privately compiled reports on future construction activity-from McGraw-Hill Construction, Reed Construction Data and the American Institute of Architects-were all negative this month.
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Oct. 15, 2007 ― Sept. construction PPIs stayed mild but oil hikes loom; retail building outlook is mixed

By Ken Simonson
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The producer price index (PPI) for finished goods climbed 1.1% in September, seasonally adjusted, and 4.4% over the past 12 months, the Bureau of Labor Statistics (BLS) reported on Friday.
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Oct. 8, 2007 ― Jobs rise modestly overall and in nonresidential; credit turmoil clouds office outlook

By Ken Simonson
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Nonfarm payroll employment rose 110,000 in September, seasonally adjusted, the Bureau of Labor Statistics reported.
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Sept. 26, 2007 ― State construction job, income growth vary widely; housing starts, prospects skid

By Ken Simonson
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Construction employment increased over the month in 20 states, fell in 16 and was unchanged (or within 100 of July levels) in 15 plus DC.
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Sept. 18, 2007 - FOMC cuts rate target 0.5%; overall, construction PPIs drop; AIA, NAHB indexes fall

By Ken Simonson
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The Federal Reserve’s Federal Open Market Committee voted unanimously today to lower its target for the federal funds rate 50 basis points (0.5 percentage points) to 4.75%.
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Sept. 12, 2007 - Nonresidential jobs climb despite overall slide; Reed, Beige Book imply more growth

By Ken Simonson
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Employment gains reported earlier for June and July were revised down. Nevertheless, the 12-month gain in employment, 180,000 or 1.3%, was close to earlier periods.
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Sept. 5, 2007 - Spending falls in July despite nonres surge; signs are mixed for roads, plants, utilities

By Ken Simonson
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Construction spending sank 0.4% in July, seasonally adjusted, to $1.169 trillion, the Census Bureau reported today.
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Aug. 29, 2007 - McGraw-Hill, Reed, AIA, NAR signal strong construction but office market may weaken

By Ken Simonson
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Three private indicators of construction activity remained generally positive regarding nonresidential construction despite continued bad news from housing and credit markets.
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Aug. 17, 2007 - Overall PPI, CPI outstrip construction in July; lending standards, rates tighten; IP rises

By Ken Simonson
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The PPI for materials and components for construction climbed 0.2% and 1.9%, respectively.
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