GDP’s Underpinning from Housing Starts Weakens The housing starts numbers that analysts key on are monthly ‘actual’ figures, in units, that have been seasonally adjusted and annualized (i.e., extrapolated to yield a yearly total). The acronym for such a calculation is SAAR − i.e., seasonally adjusted at an annual rate. Based on demographic factors (e.g., […]

Three Countries in Front Rank of Trade with U.S. Three countries compete for preeminence in foreign trade with the United States. Not surprisingly, they are the two neighbors on either side of the U.S., Canada and Mexico, and the nation with the second largest (behind America) gross domestic product (GDP) in the world, China. The […]

Due to its complexity, much of the subject matter concerning the economy requires detailed editorial commentary, often supported by relevant tables and graphs. This infographic looks at U.S. airport construction – groundbreaking and upcoming stages. At the same time, though, there are many topics (e.g., relating to demographics, housing starts, etc.) that cry out for […]

A Wealth of Mega Projects ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $52.2 billion (green shaded box, Table 3 below). The month-to-month percentage change versus April was +35.2%, or more than one-third. The large jump resulted from start-ups on five mega projects (see Top 10 Project Starts […]

U.S. Jobs +75,000 in May, but Flat After Revisions The latest Employment Situation report from the Bureau of Labor Statistics (BLS) records a gain of +75,000 in total U.S. jobs in May. The +75,000 month-to-month increase was the second lowest so far this year. February’s figure was worse at +56,000.  What’s hidden, however, unless one […]

Minimal Canadian GDP Growth in Q1 2019 Canadian ‘real’ (i.e., inflation-adjusted) gross domestic product (GDP) figures were released by Statistics Canada at the end of May and they weren’t pretty. Thankfully, the quarter-to-quarter change was still positive, but only by the smallest of margins. Q1 2019 versus Q4 2018 was +0.1%, or +0.4% when annualized. […]