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ConstructConnect Blog

Alex Carrick

Blog Feature

Industry Snapshot | alex carrick

By: Alex Carrick
November 14th, 2019

Clichés are often true and it is the case that a picture can be worth a thousand words.

Blog Feature

Economic News | alex carrick

By: Alex Carrick
November 8th, 2019

Hiring in Canada took a pause in October according to the latest Labour Force Survey report from the nation’s chief statistics-gathering agency. Statistics Canada says that total employment in the tenth month of the year stayed almost the same (-2,000 jobs) as in September.

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Blog Feature

Economic News | alex carrick

By: Alex Carrick
November 7th, 2019

In the latest month, total U.S. put-in-place construction spending, as measured by the Census Bureau, was -2.1% year to date (ytd ‒ i.e., Jan-Sept 2019 versus Jan-Sept 2018). As for the total’s two major sub-components, residential (with a 40% share) was in decline, at -7.9% ytd, while nonresidential (with a 60% share) was modestly ahead, +2.2% ytd.

Blog Feature

Economic News | alex carrick

By: Alex Carrick
November 1st, 2019

Revisions to Past Data Paint Better Picture The headline figure on U.S. net jobs creation in October, as recorded in the latest Bureau of Labor Statistics (BLS)’s Employment Situation report, was a rather tepid +128,000. But as has occurred on several other recent occasions, there were significant revisions to past data that brighten the picture considerably.

Blog Feature

Economic News | alex carrick | Webinars

By: Alex Carrick
October 21st, 2019

ConstructConnect’s grand total construction starts statistics two-thirds of the way through 2019 are almost even with January-August 2018, -3.3%. The composition of starts this year, however, has undergone a dramatic change. It is much more heavily weighted towards very large projects, the so-called ‘mega projects’ of one billion dollars or more each.

Blog Feature

Economic News | alex carrick

By: Alex Carrick
October 16th, 2019

Recently, there has been an easing of tensions in two key areas impacting the global economy. The U.S. and China have reached a first phase agreement towards resolving their trade disputes and the U.K. and E.U. are speaking again with the goal of avoiding a ‘hard’ Brexit. A new negotiated arrangement would alleviate the pain from the U.K withdrawing ‘cold turkey.’