Articles by Ken Simonson

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

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

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

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

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

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

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

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

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

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

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