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Blog Feature

Economic News | Alex Carrick | COVID-19

By: Alex Carrick
August 5th, 2020

Average annual U.S. ‘real’ (i.e., after accounting for inflation) gross domestic product (GDP) growth for the latest 20 years (2000 to 2019 inclusive) has been +2.1%; and for the past 10 years, +2.3%. The latest 10-year (2010 to 2019) annual average isn’t biased downwards by the 2008-2009 recession.

Blog Feature

Economic News | Alex Carrick | COVID-19

By: Alex Carrick
July 30th, 2020

Midsummer 2020 will forever be known as a historic time for U.S. economic data releases. On this date, July 30th, the Bureau of Economic Analysis (BEA) has published its estimate of Q2 versus Q1 gross domestic product (GDP) change, annualized (i.e., extended for a full year), and it’s a searing drop of -32.9%.

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Blog Feature

Economic News | Alex Carrick | COVID-19

By: Alex Carrick
July 23rd, 2020

Table 1 sets out latest (June 2020) construction-related cost items from the Producer Price Index (PPI) data set published by the Bureau of Labor Statistics (BLS).

Blog Feature

Economic News

By: ConstructConnect Project Research
July 22nd, 2020

The accompanying table records the 10 largest construction project starts in Canada in June 2020. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the civil and nonresidential building categories in Canada.

Blog Feature

Economic News | Alex Carrick | COVID-19

By: Alex Carrick
July 20th, 2020

Too much is happening and there’s no time to waste, so let’s jump right into the ‘nuggets’ to be gleaned from the latest public and private sector data releases.

Blog Feature

Economic News | Alex Carrick | COVID-19

By: Alex Carrick
July 13th, 2020

Canada’s Jobs Claw-Back Ratio Outperforming America’s Between February and April, Canada’s total employment contracted by 3.0 million jobs and the seasonally adjusted (SA) unemployment rate soared from 5.6% to 13.0%. The economy, more or less voluntarily, stopped in its tracks and hunkered down at home to slow the advance of the coronavirus contagion.